Crude futures fell in U.S. morning trade but remain on track for a sizable
weekly gain after fighting resumed in the Persian Gulf, pushing prices higher.
Consulting firm Ritterbusch said markets rarely rise in a straight line and
sharp spikes are often followed by pullbacks; with the conflict ongoing and
negotiations unlikely soon, it is too early to declare a peak in prices. WTI
crude was down about 1% at $90.38 a barrel; Brent fell 0.9% to $94.63 a barrel.
