Oil prices were flat on Friday as Brent and WTI crude futures saw no trading, with markets closed for the Good Friday holiday leading up to Easter Sunday.
The international benchmark Brent crude rose to $109.74 before settling at $109.24 per barrel on Thursday. West Texas Intermediate (WTI) crude also advanced, briefly climbing to $113.93, before closing the session at $111.54 per barrel.
News regarding the US/Israel and Iran conflict remained in focus for the market throughout the week. Reports that Iran is working on a protocol with Oman to monitor shipping traffic in the Strait of Hormuz partially eased market concerns following US President Donald Trump's remarks indicating that attacks on Iran would intensify if no deal is reached.
Meanwhile, market players are also focused on the upcoming meeting of the OPEC+ group, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers. Eight OPEC+ member countries are scheduled to meet on Sunday.
By Firdevs Yuksel
Anadolu Agency
energy@aa.com.tr
