Oil prices surged on Friday but were on track for a weekly loss amid hopes of easing Middle East tensions.

Brent crude prices traded 2.2 percent higher at $110.34 a barrel as fears of a prolonged energy shock stemming from the conflict in the Middle East persisted. WTI crude futures were up 1.9 percent at $96.32.

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2026-03-27 09:20:46

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