Oil prices slipped on Friday and were on track for a second weekly decline on receding concerns of a US-Iran conflict that could affect supply. Brent crude oil futures were down 6 cents, or 0.1%, at $67.46 a barrel at 0448 GMT after falling 2.7% in the previous session. Brent prices are set to drop 0.8% this week, while WTI is set to fall 1.1%. “There is an expectation that Venezuelan oil supply will return to pre-blockade levels in the months ahead,” he said, rising from 880,000 barrels per day to about 1.2 million bpd. The US Treasury will issue more allowances easing sanctions on Venezuelan energy this week, a White House energy official said on Thursday.

Source: The Patriot February 13, 2026 15:09 UTC