Oil Prices Set for Second Weekly Decline as Iran Blockade Continues
Oil prices edged lower Friday and were headed for a second weekly decline. Brent futures fell 28 cents, or 0.29%; continued U.S. blockade of Iran eased fears of renewed fighting, while shipping attacks remained a supply risk.
By Sethuraman N R and Helen ClarkOil prices inched down on Friday and were headed for a second weekly decline as a continued US blockade of Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk.Brent futures ICEEUR:BRN1! fell 28 cents, or 0.29%, to…