Oil prices slip as ‘demand picture remains in question’ amid tariff risks

News Snapshot:

Oil swung from gains to losses on Friday as traders weighed the prospects of retaliatory US tariffs with supply implications from stricter US policy against Iran. West Texas Intermediate crude (CL=F) pared gains to settle in negative territory for the fourth straight week in a row. Brent futures (BZ=F) also declined slightly but barely broke a three-week losing streak. • USD (CL=F) View Quote Details Oil gained as much as 1% on Friday amid supply worries after Treasury Secretary Scott Bessent told Fox Business, "We are committed to bringing the Iranians to going back to 100,000 barrels per day of...