Oil prices were little changed on Friday before a long holiday weekend in the U.S., as traders held on to ​hopes that attempts to secure peace in the Middle East between the United States and ‌Iran would succeed.

Crude futures recover early losses ahead of the U.S. Independence Day holiday. Prices are hovering near pre-conflict levels with market focus on the resumption of flows through the Strait of Hormuz and U.

Oil prices traded little changed on Thursday as investors paused after weeks of sharp declines that pushed crude benchmarks back to levels seen before the recent U.S.-Iran conflict. Improved shipping activity through

Oil prices have finally fallen back to pre-Iran war levels — but the crude market is far from seeing a normalization of shipping, oil supplies and demand that such a big retreat implies.

Hiring in the U.S. slowed in June, falling short of expectations, according to the Labor Department. CBS News producer Emily Pandise has more.

U.S. job growth slowed more than expected in June and payroll gains for the prior two months were revised lower, pointing to a cooling labor market and prompting financial markets to dial back expectations for a near-term interest rate hike from the Federal Reserve.

U.S. employers added 57,000 jobs in June, far below analysts' forecasts and signaling that hiring may be losing momentum. Economists polled by FactSet had predicted the economy would add 100,000 jobs last month.

US Supreme Court supercharges its 'shadow docket,' dividing the justices A growing number of cases are being decided on an emergency basis. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider,

Oil prices fell nearly 2% for the third consecutive day on Thursday as concerns eased after Qatar said Iran and the U.S. had made progress.

Oil prices fell on Thursday morning, on pace for their fourth consecutive weekly loss. Qatar's Foreign Ministry said Iran and the U.S. made progress during talks in Doha. Oil prices were little changed Thursday after Qatar said the U.

China has been the biggest buyer ​of Iranian oil in recent years after customers in ‌South ⁠Korea, Japan, India and Europe ceased purchases as sanctions tightened following U.S. President Donald Trump's departure from Iran's nuclear accord ​in 2018.

Russia launched hundreds of drones and dozens of missiles at Ukraine's capital Kyiv in the ⁠early ⁠hours of Thursday, killing at least 30 people, wounding scores more and damaging ⁠around 130 buildings in the deadliest attack on the capital this year.