Crude oil futures end lower on Friday
Traders continued to track the developments in the Middle East, awaiting any breakthrough news that could hint at the reopening of the Strait of Hormuz
Crude oil futures ended lower on Friday as the prospects of a peace deal between U.S. and Iran gather steam, lowering Middle East tensions. Traders continued to track the developments in the Middle East, awaiting any breakthrough news that could hint at the reopening of the Strait of Hormuz.
Benchmark crude oil futures for June delivery fell by $1.45 or 1.51% to settle at $94.40 a barrel on the New York Mercantile Exchange. Brent crude for June delivery surged by $0.26 or 0.25% to settle at $105.33 a barrel on London's Intercontinental Exchange.
