Baker Hughes revealed today that the US crude rigs fell this week by 11 to 659 rigs.

The natural gas rigs fell by 4 to 119, with the total of oil and gas rigs falling by 15 to 781 rigs.

Oil prices fell on Friday, as concerns about the Middle East geopolitical tensions eased, to head for weekly losses, which will be the first in a month and a half.

The US Treasury Department revealed today new economic sanctions against a number of industries in Iran, which is a response to the missile attacks on a US air base in Iraq.

Concerns about the possibility of supply disruptions in the Middle East have receded after the US settled on responding with economic sanctions instead of the military option.

Baker Hughes will reveal later today its count for the US crude oil and natural gas drilling rigs for this week.

WTI crude fell by 0.5% to $59.2 a barrel as of 17:45 GMT, and hit a day high of $59.7 and a low of $58.8.

Brent fell by 0.2% to $65.2 a barrel, with a high of $65.6 and a low of $64.8.

Silver prices rose on Friday, as the US dollar fell against most currencies, in addition to increased safe-haven demand following a weak monthly jobs report in the US.

The US Department of Labor revealed today that the US economy has added 145,000 new jobs in December, lower than forecasts of 162,000, and the unemployment rate held at the lowest level in five decades 3.5%

The phase-one trade deal between Washington and Beijing is expected to be signed on January 15.

Otherwise, the dollar index fell against a basket of currencies by 0.1% to 97.3 points as of 19:42 GMT, and hit a high of 97.5 and a low of 97.2.

Silver March futures rose by 0.9% and closed at $18.105 an ounce, to log a weekly gain of 0.3%, and hit a day high of $17.175 and a low of $17.86.

The US dollar fell slightly against most currencies on Friday, after a lower than expected monthly jobs report for December of last year.

The US Department of Labor revealed today that the US economy has added 145,000 new jobs in December, lower than forecasts of 162,000, and the unemployment rate held at the lowest level in five decades 3.5%

President Donald Trump stated that the phase-one trade deal with China will be signed on January 15 or shortly afterwards.

But Trump added signing the phase-two trade deal with China might get delayed to after the November presidential elections.

The dollar index fell against a basket of currencies by 0.1% to 97.3 points as of 19:12 GMT, and hit a high of 97.5 and a low of 97.2.