⭕️ Oil prices declined on Friday but remained on track for weekly gains, supported by uncertainty surrounding West Asian supplies and a larger-than-anticipated drawdown in US crude inventories. Meanwhile, European diesel margins fell after the International Energy Agency (IEA) announced plans to release additional diesel supplies.

As of 09:27 GMT, Brent crude futures had dropped 78 cents, or 0.74%, to $105.14 a barrel, while US West Texas Intermediate (WTI) crude futures fell 99 cents, or 1%, to $96.98 a barrel.