Economic TimesLean R·
Oil settles lower on clues about Fed policy, rumors of Hormuz deal
Oil prices settled lower on Friday, also down for the week as traders evaluated hints about the U.S. Federal Reserve Bank's inflation-fighting policy and rumors of a possible agreement on shipping through the Strait of Hormuz.Brent crude futures settled at $89.31 a barrel, down 39 cents, or 0.43%. West Texas Intermediate crude futures finished at $83.40 a barrel, down 13 cents, or 0.16%.For the week Brent settled down by more than 5% and WTI by more than 4%.Following comments by new Fed Chai…
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