Commodities
Oil Prices Hold Steady as Deal to Open Hormuz Remains Elusive
Oil prices remained largely unchanged on Friday as investors waited for an agreement to open the Strait of Hormuz to freedom of navigation, which was teased by the Trump administration earlier in the week.
The international benchmark Brent crude fell 36 cents to $82.13 a barrel, while U.S. West Texas Intermediate futures lost 4 cents to $77.25 per barrel.
Prices have dropped around 9% for the week as investors await an agreement that could come as soon as Wednesday, according to Treasury Secretary Scott Bessent.