Oil Prices Settle up Slightly on Iran Worries, but Prices Down for Week
SINGAPORE (Reuters) - Oil prices extended gains in early Asian trade on Friday, following reports that Iran was preparing a retaliatory strike on Israel from Iraqi territory in the coming days. U.S. West Texas Intermediate crude futures rose $1.24, or 1.8%, to $70.50 a barrel by 2229 GMT after settling up 0.95% in the previous session.