EMEA Oil Update: Oil Futures Poised for Weekly Decline as US-Iran Diplomacy Holds
() -- Crude oil futures were posed for a weekly loss on Friday pressured by an increase in supply via the Strait of Hormuz as US-Iran peace talks ease geopolitical tensions. The front-month Brent futures contract was steady at $71.82 per barrel. Murban futures edged higher 1% to $65.94/bbl. However, both contracts were