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Oil prices finished lower on Friday, with U.S. and global benchmark crude contracts posting their worst weekly percentage losses in nearly six years, as talks loomed between the U.S. and Iran.
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The Iran war has jolted oil prices and stocks over the past six weeks, leaving investors on edge over negotiations slated for this weekend.
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After ESG pressures forced private equity investors out of oil and gas, investment firms of ultra-wealthy families stepped up.
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Still-high oil prices have investors wondering which areas could help keep the market moving higher after Wednesday's rally.
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Traders wary that traffic through the Strait of Hormuz is still restricted.
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