Oil prices rise, head for first weekly loss in 2026

10:12 AM (Mecca time) Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices rose on Friday, but remained on track to post their first weekly loss since the start of the year, as investors focused on the outcome of US–Iran nuclear talks scheduled to take place later today in Oman.

 

April Brent crude futures climbed about 1.3%, or $0.87, to $68.42 per barrel as of 9:20 a.m. Makkah time.

 

March Nymex crude futures rose 1.4%, or $0.90, to $64.19 per barrel.

 

Markets are awaiting data on the number of US oil and gas rigs from Baker Hughes later today for further insight into the outlook for US supply.

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