Khaberni - Oil prices stabilized today, Friday, as it is expected to incur losses for the second week with concerns receding about a potential US-Iranian confrontation affecting supplies.
By 09:25 Moscow time, the futures of US crude "West Texas Intermediate" for next March fell by 0.24% to $62.69 per barrel.
Meanwhile, futures for the global crude mix "Brent" for next April fell by 0.15% to $67.42 per barrel, according to trading data.
"Brent" crude is headed for a 0.8% drop this week, and US crude is expected to suffer weekly losses of 1.1%.
Tony Sicamore, an analyst at "IG" institution, said in a note, "Oil prices dropped amid signs that the United States is seeking to allow more time to reach a nuclear deal with Iran, reducing the geopolitical risk premium in the near term."
In addition to the decrease in fears about a conflict with Iran, the International Energy Agency yesterday predicted in its monthly report that global oil demand growth this year will be weaker than previously expected, with the total supply expected to exceed demand.
