0
Brent crude is set for a 9 per cent weekly decline as traders weigh fading US-Iran truce prospects after talks were called off and Israel escalated attacks in Lebanon, Reuters.
Brent crude futures are down 24 cents, or 0.3pc, to $79.61 a barrel as of 1100 GMT. The contract is heading for a second weekly decline.
The front-month July contract for US West Texas Intermediate crude, which expires on Monday, has risen by 58 cents, or 0.8pc, to $77.18 a barrel. The more actively traded August contract is steady at $75.87 a barrel.
