Oil futures eased on Friday, leaving benchmarks on course for a second consecutive weekly loss as fears of supply disruption from a potential U.S.-Iran confrontation diminished and risk premiums unwound. International benchmark Oil – Brent Crude hovered near $67 a barrel, while U.S. benchmark Oil – US Crude also traded softer, with traders refocusing on underlying demand trends and broader macro signals.
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Over the past month, Oil – US Crude has advanced about 3.0%, and its 1-day technical stance currently screens as a Buy, indicating short-term momentum remains constructive despite this week’s pullback. Oil – Brent Crude is up roughly 3.4% over the same period, and its near-term technical readout is likewise a Buy, suggesting recent weakness is being interpreted more as a moderation of geopolitical risk than a structural bearish shift. Investors can explore more updates, prices, and analysis across global markets at Commodities.