Oil Prices To End The Week Lower As Hopes Of An Iran Deal Rise

Oil prices were down early on Friday, headed for their first weekly decline in nine weeks, as reports intensify that an Iranian nuclear deal could be closer than ever. As of 9:55 a.m. EST, the U.S. benchmark, WTI Crude, had fallen to below $90 a barrel, and traded at $89.85, down by 2.09%. Early this week, WTI Crude hit $95 per barrel, and Brent Crude touched $96 on Monday amid market fears of an imminent Russian invasion of Ukraine and the possibility of disruption of Russian energy supplies to Europe. On Friday at 9:55 a.m., Brent Crude was down…