NEW YORK: Oil prices settled down on Friday on prospects for a peace deal between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow, but losses were limited by a delay in US immediate reciprocal tariffs.
Brent futures settled down 28 cents, or 0.37%, at US$74.74 a barrel. US West Texas Intermediate (WTI) crude fell 55 cents, or 0.77%, to US$70.74.
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