Oil heads for first weekly gain this month as US-Iran tensions rise

Government

LONDON, Feb 20 : Oil prices traded near six-month highs on Friday, heading for their first weekly gain in three weeks after U.S. President Donald Trump told Iran "bad things" will happen if it does not agree to a nuclear deal in the coming days. Brent crude futures edged down 8 cents, steadying at around $71.58 a barrel by 1442 GMT while U.S. West Texas Intermediate crude stood at $66.44. Over the week, Brent and WTI were both up about 5.3 per cent. "Market players are now awaiting how tension

Tag-uri: Donald Trump

Oil heads for first weekly gain this month as US-Iran tensions rise https://www.channelnewsasia.com/ - 20.02.2026 17:26

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Oil heads for first weekly gain this month as US-Iran tensions rise https://www.channelnewsasia.com/ - 20.02.2026 17:26