SOUTH-EAST ASIA (Reuters): Oil futures fell more than 2% on Friday night, closing out their steepest weekly decline since early April as traders awaited word that the US, Israel and Iran had reached agreement on a ceasefire.
Brent crude futures for July, which expired on Friday, settled at $92.05 a barrel, down $1.66, or 1.8%. WTI U.S. oil futures finished at $87.36 a barrel, down $1.54 or 1.7%. "Obviously, the market thinks the ceasefire will be all easy-peasy and is done and dusted," said John Kilduff, partner with Again Capital.
