Oil prices fall as Trump pauses attacks on Iranian energy plants
Oil prices fell in early trade on Friday and were down over a volatile week after US President Donald Trump said talks with Iran to end the war were going “very well” and announced he would pause attacks on the country’s energy plants for 10 days. Brent futures fell 90 cents, or 0.8%, to $107.11 per barrel as of 0024 GMT, while U.S. West Texas Intermediate futures lost 83 cents, or 0.88%, to $93.65 per barrel, trimming gains from a bullish previous session. On Thursday, Brent rose 5.7% while WTI gained 4.6% on fears of further escalation of the war, although trading volume for the front-month Brent contract was the lowest since February 27, the day before the United States and Israel began strikes on Iran.