Crude oil futures ended marginally higher on Friday despite receding concerns of a U.S.-Iran conflict and supply glut fears. U.S.-Iran tensions eased somewhat, with U.S. President Donald Trump saying that negotiations with Iran could stretch for as long as a month. As talks between Iranian and U.S. officials continue over Iran's nuclear program, Trump threatened Iran Thursday with very traumatic consequences if it fails to make a nuclear deal. However, Israeli Prime Minister Benjamin Netanyahu said he was skeptical about the quality of any such agreement.
Benchmark crude oil futures for March delivery rose $0.05 or 0.08% to settle at $62.89 a barrel on the New York Mercantile Exchange. Brent crude for April delivery increased $0.23 or 0.34% to settle at $67.75 a barrel on London's Intercontinental Exchange.
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