Brent crude futures settled down US$1.84, or 2.33%, to US$77.01 a barrel. US West Texas Intermediate crude for July was down 21 cents, or 0.28%, at US$74.93.
HOUSTON: Oil prices settled down on Friday as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a negotiated agreement, a day after President Donald Trump said he might take two weeks to decide US involvement in the Israel-Iran conflict.
Brent crude futures settled down US$1.84, or 2.33%, to US$77.01 a barrel.
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