West Texas Intermediate futures opened at $78.31 a barrel on Aug. 7, according to Forbes Advisor, while Brent crude opened at $83.49 a barrel that same day. According to Trading Economics, Brent traded below $82 a barrel on Friday, moving between gains and losses throughout the session as investors weighed the state of those negotiations. That draft proposal, outlining stricter conditions for commercial shipping than markets had anticipated, remains under review by the Iranian parliament. Prices well off their April peak, despite the conflictEven with the ongoing disruption, oil prices remain considerably below levels seen earlier this year. According to Oilprice.com's broader coverage, lower oil prices in recent weeks have helped boost gold, as easing inflation concerns and softer U.S. economic data reduce expectations for further Federal Reserve policy tightening.