Brent futures for May delivery settled at US$85.43, losing 35 cents. US crude settled at US$80.63 a barrel, falling 44 cents.
NEW YORK: Oil prices slipped on Friday and were flat on the week as the possibility of a ceasefire in Gaza weakened crude benchmarks, while the war in Europe and shrinking US rig count cushioned the fall.
Brent futures for May delivery settled at US$85.43, losing 35 cents. US crude settled at US$80.63 a barrel, falling 44 cents. Both benchmarks logged less a than 1% change on the week.
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