Oil prices fell on Friday, on track for a weekly loss as supply concerns driven by Middle East tensions eased, while jobs data raised expectations the US.
Federal Reserve could be done hiking interest rates in the biggest oil consuming economy.
Brent crude futures were down $1.04, or 1.2%, to $85.81 a barrel at 12:24 p.m. EDT (1724 GMT). US West Texas Intermediate crude futures fell $1.03, or 1.3%, to $81.42 a barrel.
Both benchmarks were on track for weekly losses of more than 5%.
Hezbollah leader Sayyed Hassan Nasrallah, speaking for the first time since the Israel-Hamas war erupted, warned on Friday that a wider conflict in the Middle East was possible but did not commit to opening another front on Israel’s border with Lebanon.
