Oil Prices Fall on Hopes of a US-Iran Ceasefire

Oil futures fell more than 2% on Friday, closing out their steepest weekly decline since early April as traders awaited word that the U.S., Israel and Iran had reached agreement on a ceasefire.Brent crude futures for July, which expired on Friday, settled at $92.05 a barrel, down $1.66, or 1.8%.

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