Oil prices slip, set for second weekly drop
In short
Oil prices edged down on Friday. Brent was at $95.41 a barrel, down 1 cent, while West Texas Intermediate fell 20 cents, or 0.25%, to $88.52 at 0242 GMT.
What the reporting says
Oil prices moved lower on Friday, with Brent futures down 1 cent at $95.41 a barrel and West Texas Intermediate down 20 cents, or 0.25%, to $88.52 a barrel at 0242 GMT. The move came as markets tracked reports tied to Trump and Iran blockade developments. The price action pointed to a second straight weekly decline for crude.
Why it matters
Brent and West Texas Intermediate both traded lower on Friday, with Brent at $95.41 a barrel and WTI at $88.52. The move was linked in the source to reports around Trump and an Iran blockade, and prices were said to be on track for a second weekly drop. The immediate impact is on oil traders and broader energy markets.