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Oil steadies and global shares are mixed as Iran war fuels energy supply concerns

Oil steadies and global shares are mixed as Iran war fuels energy supply concerns


Oil steadies and global shares are mixed as Iran war fuels energy supply concerns

HONG KONG — Oil prices steadied on Friday on the intensifying Iran war to around $110 a barrel, while global shares were mixed following Wall Street losses.

U.S. futures were down more than 0.4%.

A Kuwaiti oil refinery came under Iranian drone attack early Friday as Tehran shows little signs of letting up on its attacks on Gulf region energy structure.

Oil prices had a roller-coaster day on Thursday with Brent crude, the international standard, briefly surging to around $119 per barrel as attacks by Iran escalated after Israel's attack on Iran’s key natural gas field.

On Friday, Brent crude resumed its gain following a dip earlier in the day, rising 1.6% to $110.36 a barrel. Benchmark U.S. crude was up 0.3% to $95.80 a barrel.

Israeli Prime Minister Benjamin Netanyahu said late on Thursday he would hold off on further attacks on Iran’s gas field at the request of U.S. President Donald Trump.