Oil prices fell in sluggish year-end trading, with investors assessing the outlook for 2025 while monitoring developments in the Middle East.
Brent crude was steady near $73 a barrel, after falling 0.4% on Thursday, while West Texas Intermediate held below $70 a barrel.
A 10-day volatility gauge for the U.S. crude benchmark has fallen to its lowest level since 2021, with the same metric for Brent dropping to its narrowest reading since March.
Source: Bloomberg
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