(RTTNews) – Crude oil prices are turning in a relatively weak performance during trading on Friday, following the surge seen over the past two sessions.
Crude oil for April delivery, which has spent the day hovering near the unchanged line, was last seen trading at $66.45 a barrel, up $0.05 or 0.1 percent.
The day saw volatile trading as crude oil prices surged to their highest level in six months amid concerns of a possible military conflict between the US and Iran.
President Donald Trump told reporters at the White House this morning that he was “considering” a limited military strike to pressure Iran over its nuclear program.
After the failure of several rounds of US-Iran nuclear talks, Trump has set a deadline of 10-15 days for Iran to agree to a nuclear deal or face “bad things”.
Amid fears of possible US military action, Iran has warned that US bases in the Middle East could be “legitimate targets” if Washington attacks.
British Prime Minister Keir Starmer has reportedly blocked Trump’s request to allow US forces to use UK airports during any pre-emptive strike on Iran, saying it could break international law.
Elsewhere, US Ambassador to India Sergio Gore today said the United States does not want anyone buying Russian oil and President Trump is “clear on this.”
Underscoring Washington’s pressure for India to diversify its crude imports amid the ongoing conflict in Ukraine, Gore said discussions were underway between the US Department of Energy and India’s Energy Ministry on possible imports of Venezuelan crude.
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