Global oil prices edged lower in early Friday trading, but remained on course for a weekly gain as escalating military exchanges between the United States and Iran continued to fuel concerns over global energy supplies.
Brent crude slipped 6 cents, or 0.08%, to $76.24 per barrel, while US West Texas Intermediate (WTI) crude fell 4 cents, or 0.06%, to $72.04 per barrel as of 01:25 GMT.
Despite the modest decline, analysts say persistent geopolitical tensions in the Middle East are keeping oil markets supported, with investors closely monitoring developments that could disrupt crude supply and drive prices higher.
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