NEW YORK, (Pakistan Point News - 05th Jun, 2026) Oil was steady after its first decline this week on optimism that talks between the US and Iran will see energy flows resume through the Strait of Hormuz.
West Texas Intermediate traded below US$93 a barrel, after sliding more than 3% on Thursday, while Brent closed near US$95. The US oil benchmark is still up more than 6% for the week.
