Oil drilling rigs
Oil prices declined in Friday trading as shipping resumed through the Strait of Hormuz and crude supplies returned to global markets following a peace agreement between the US and Iran. 
However, Israel continues its military campaign against Hezbollah in Lebanon, raising questions about the durability of the US-Iran peace agreement.
In another development that unsettled markets, US Vice President JD Vance canceled a planned trip to Switzerland to meet Iranian negotiators on Friday, Reuters reported.
Changes in benchmark crude futures
Crude
Price ($/bbl)
Change ($)
Change (%)
Brent (August)
79.72
)0.13(
)0.15%(
WTI (July)
76.33
)0.27(
)0.35%(
Meanwhile, Baker Hughes data showed that the number of active oil rigs in the US remained unchanged during the week ended June 18, following seven consecutive weeks of increases. The report was released earlier than usual due to the Juneteenth holiday in the US.
Oil drilling rigs
Oil prices declined in Friday trading as shipping resumed through the Strait of Hormuz and crude supplies returned to global markets following a peace agreement between the US and Iran.
However, Israel continues its military campaign against Hezbollah in Lebanon, raising questions about the durability of the US-Iran peace agreement.
In another development that unsettled markets, US Vice President JD Vance canceled a planned trip to Switzerland to meet Iranian negotiators on Friday, Reuters reported.
Changes in benchmark crude futures
Crude
Price ($/bbl)
Change ($)
Change (%)
Brent (August)
79.72
)0.13(
)0.15%(
WTI (July)
76.33
)0.27(
)0.35%(
Meanwhile, Baker Hughes data showed that the number of active oil rigs in the US remained unchanged during the week ended June 18, following seven consecutive weeks of increases. The report was released earlier than usual due to the Juneteenth holiday in the US.
