Oil prices stabilized on Friday after falling sharply in the previous session as a U.S.-brokered ceasefire agreement between Israel and the Lebanese government raised hopes for broader de-escalation in the U.S.-Israeli conflict with Iran.
Brent crude futures were down half a percent at $94.46 a barrel, after having fallen nearly 3 percent in the previous session. WTI crude futures were down 0.7 percent at $92.35.
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Oil Prices Stabilize After Steep Losses
2026-06-05 09:27:53
