Oil futures declined on Friday, widening their weekly loss to more than 2%. A potential of Iranian crude to the market has led to some “nervousness ahead of the march towards $100 a barrel,” leading oil prices to their first negative week since mid-December, said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for March delivery fell 69 cents, or nearly 0.8%, to settle at $91.07 a barrel on the New York Mercantile Exchange. For the week, the front-month contract lost 2.2%, FactSet data show.
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