Oil Prices Hold Steady But Headed For Fourth Weekly Loss

India, July 3 -- Oil prices held steady on Friday but headed for their fourth straight weekly loss on eased concerns over supply disruptions in the Middle East.

Brent crude futures were 0.4 percent higher at $72.11 a barrel, hovering near levels last seen before the Middle East conflict in late February on signs of improved shipping activity through the Strait of Hormuz and progress in U.S.-Iran talks. WTI crude futures edged up by 0.2 percent to $68.84.

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Published by HT Digital Content Services with permission from RTT News....