Doha: Oil prices held steady on Friday after falling more than 1% in the previous session as traders weighed the impact of newly announced US tariffs. Brent crude futures inched up 0.06% to $71.74 a barrel, while US West Texas Intermediate (WTI) crude rose 0.01% to $69.27.

According to Qatar News Agency, despite the flat movement, Brent is on track to gain 4.9% for the week, with WTI set for a 6.4% weekly rise. The rally earlier in the week followed a threat by US President Donald Trump to impose 100% secondary tariffs on nations purchasing Russian oil, specifically targeting China and India.