Mumbai, March 6 -- Oil prices pulled back slightly on Friday morning in Asia despite ongoing geopolitical turmoil in the Middles East but are set for its strongest weekly gain since 2022. WTI crude oil futures are trading at $79.81 per barrel, down 1.5% at the time of writing. The commodity is hovering at its highest level in over one and half year and is seen gaining around 20% this week. Oil prices are taking a back seat this morning amid reports that the Trump administration signaled it is considering several options to address the surge in oil and gasoline prices amid the war in Iran.
Published by HT Digital Content Services with permission from Capital Market....