Oil price holds near $68 as U.S.-Iran talks and Saudi cuts pull Brent, WTI
Brent crude rose 7 cents to $67.62 a barrel by 1055 GMT Friday as traders watched U.S.-Iran talks in Oman. Saudi Aramco cut its March Arab Light price to Asia to the lowest since December 2020, reflecting weaker demand. U.S. crude inventories fell by 3.5 million barrels last week. Brent is set for a 4.3% weekly drop.