SINGAPORE: Oil costs slipped on Friday on the potential of a nearing Gaza ceasefire that might ease geopolitical issues within the Center East, whereas a stronger greenback and faltering US gasoline demand additionally weighed on costs, in accordance with Reuters.
Brent crude futures fell 42 cents, or 0.5 p.c, to $85.36 a barrel by 5:03 a.m. Saudi time. US crude futures shed 40 cents, or 0.5 p.c, to $80.67 per barrel.
Each contracts are set to finish the week little modified after rising greater than 3 p.c final week.
