Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities

On Friday, oil prices took a small dip after a week marked by fluctuations. Brent crude prices lowered to $105.85 per barrel, while West Texas Intermediate decreased to $93.80 per barrel. This decrease aligns with US and Iranian discussions regarding a ceasefire amidst ongoing military tensions in the Middle East. Additionally, Saudi Arabia’s interception of missiles highlighted the precariousness of vital oil infrastructure in the area.