PERTH, Jan 16 : Oil prices were flat on Friday with both Brent and U.S. West Texas Intermediate moving only a few cents from their closing prices after the likelihood of a U.S. strike on Iran receded. Brent was down 3 cents, or 0.05 per cent, to $63.73 per barrel, while U.S. West Texas Intermediate was up 4 cents, or 0.07 per cent, to $59.22 per barrel as of 0223 GMT. Both Brent and WTI rose to multi-month highs this week after protests flared up in Iran and U.S. President Donald Trump

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