Oil futures settled at their highest level since last summer as trader expectations of U.S. military action against Iran increased, raising concerns about eventual oil-flow disruptions.
Oil futures ended mixed in rangebound trade, while posting strong weekly gains on increased concerns about potential U.S. military action against Iran.
Oil futures settled lower in choppy trade after reaching a new 6-month intraday high, with U.S.-Iran nuclear talks due later this week holding back expectations of immediate U.S. military action.