Oil set for weekly fall as Israel-Iran ceasefire calms fears
Oil prices rose slightly on Friday but are set for a 12% weekly decline after an Israel-Iran ceasefire eased supply concerns. Brent traded at $67.11, WTI at $65.65. US crude inventories fell for the fifth consecutive week, yet discussions about easing Iran sanctions capped gains. Retail sentiment on oil remained highly bullish on Stocktwits.