Oil prices were on track for a weekly decline on Friday after United States (IS) President Donald Trump extended a ‌pause in attacks on Iran’s energy plants for 10 days, though investors remained on edge as an imminent resolution to the conflict looked unlikely.

On Friday, the benchmarks were little changed after a bullish previous session.

Brent futures fell 4 cents to $107.97 per barrel, while US West Texas Intermediate (WTI) futures were down 40 cents at $94.08 per barrel.

WTI ⁠futures, which have jumped 40% since the US and Israel launched strikes on Iran on February 28, fell 4.6% this week, while Brent, up more than 48% since the war began, was down 4% for the week.

“Despite talks of de-escalation, oil is trading on war longevity, not just headlines. Any direct damage to oil infrastructure or prolonged conflict could force markets to rapidly reprice higher,” said Priyanka Sachdeva, analyst at Phillip Nova.

–Reuters–