Oil drilling rigs
Oil prices turned lower on Friday as markets watched closely the possibility of a peace deal between Russia and Ukraine, which would ease global chain disruptions if it leads to the lifting of sanctions on Moscow.
Brent crude futures for April delivery declined 0.35%, or $0.28, to close at $74.74 per barrel, adding 0.1% this week.
The US West Texas Intermediate (WTI) crude futures for March delivery also fell over 0.75%, or $0.55, to $70.74 per barrel, with a weekly loss of 0.35%.
The US drilling rig count increased one unit to 481 in the week ended Feb. 14, according to Baker Hughes energy services firm.
US President Donald Trump ordered top US officials to begin talks on ending the war in Ukraine, after both Russia's President Vladimir Putin and Ukraine's President Volodymyr Zelensky expressed desire for peace following separate talks with Trump.
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