Oil Claws Back Some Losses on Iran Risks Heading Into Weekend

Oil edged higher at the end of a volatile week, as traders weighed tensions in Iran and positive sentiment in wider markets. Brent traded above $64 a barrel after plunging 4.2% on Thursday, the most since June. Israel’s Prime Minister Benjamin Netanyahu asked President Donald Trump to postpone plans for an attack on Iran, the New York Times reported. That’s reduced the chance of an immediate US response to violent protests in the Islamic Republic, which could have led to disruptions to oil production or s ...