Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise
Oil prices retreated on Friday, but notched sharp weekly gains after soaring above $100 a barrel for the first time in months. Brent crude oil futures, the global benchmark, settled down 2.8% at $104.61 a barrel. U.S. West Texas Intermediate was down 2.4% to settle at $100.05 per barrel. On Thursday, Brent crude peaked at…