Oil Set for First Weekly Loss Since November on Receding Risk

10 בינואר 2020, 01:55 GMT‎+2‎ Updated on 10 בינואר 2020, 09:17 GMT‎+2‎
U.S. House voted to limit Trump’s authority to strike Iran
 WTI crude futures ease slightly; down almost 6% this weekTweet

Oil headed for its first weekly loss since November as fears over a U.S.-Iranian war receded, easing concern of a potential supply disruption in the Middle East.Futures fell 0.2% in New York and are down almost 6% so far this week. The U.S. House of Representatives voted Thursday to limit President Donald Trump’s authority to strike Iran, while America received indications that the Islamic Republic has asked militias in the Middle East not to carry out attacks against U.S. interests, Vice President Mike Pence said in comments to Fox News.