Oil Falls Over 1 on Reports of Potential USIran Ceasefire Deal

Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following reports that the US and Iran had agreed to extend a ceasefire, though it had yet to be finalized. Brent crude futures for July fell 1.1% or $1.04 to $92.67 a barrel at 0330 GMT. U...