Oil prices on World Markets record weekly losses

Oil prices on world markets recorded weekly losses, as the global benchmark Brent crude fell by about 2 %, and the US West Texas Intermediate crude fell by about 3%.
 
 
Oil prices recorded 90.18 dollars per barrel for global benchmark Brent crude futures, and US West Texas Intermediate crude futures recorded 85.35 dollars per barrel, as prices rose by about 3%, the highest level in a week, when settling on Friday, this comes amid fears of a widening conflict in the Middle East and the impact on crude supplies to global oil markets.
 
The United States of America has eased sanctions on the oil and gas industry in Venezuela for 6 months, and the easing of US sanctions against Venezuela raises a state of controversy about the impact on the markets .