Oil prices recorded relative stability during the week's trading, as markets monitored developments in US-Iran talks and easing tensions in the Strait of Hormuz.
Brent crude futures edged lower, with the closing price for Brent crude futures at the end of trading on Friday, July 3, settling at $71.94 per barrel, compared with the closing price at the end of trading on June 26 of $71.99 per barrel, a decline of 0.07%.
US crude closed at the end of trading on Friday, July 3, at $68.78 per barrel, compared with $69.23 per barrel at the end of trading on June 26, a decline of 0.69%.