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Oil edges down as investors weigh possible US sanctions on 'shadow fleet'
BEIJING: Oil prices edged down on Friday morning as investors weighed Middle East risks and possible US steps to ease restrictions on the world’s “shadow fleet” of tankers. Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel by 0012 GMT, while US West Texas Intermediate crude futures CLc1 were down 54 cents, or 0.55%, to $97.43. WTI settled up more than 3% on Thursday after a large US crude stock draw helped support prices, while Brent crude was little changed. The International Energy Agency agreed on Thursday to release over 20 million barrels of diesel to the market and an...
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