Oil Prices Edge Down on Concerns over Widening Middle East Conflict

Oil prices edged down in early Asian trading on Friday but were on track to gain more than 3% for the week as US jobs data calmed demand concerns and fears of a widening Middle East conflict persisted. Brent crude futures fell 9 cents, or 0.11%, to $79.07 a barrel. US West Texas Intermediate crude futures were down a cent at $76.09 per barrel. However, both Brent and WTI were set to gain more than 3% on a weekly basis. Source : Qatar News Agency