Oil set for second straight weekly drop as Iran risks recede

OIL prices slipped on Friday and were on track for a second weekly decline on receding concerns of a U.S.-Iran conflict that could affect supply.

Brent crude oil futures were down 6 cents, or 0.1%, at $67.46 a barrel at 0448 GMT after falling 2.7% in the previous session. U.S. West Texas Intermediate (WTI) crude fell 12 cents, or 0.2%, to $62.72 after falling 2.8%.