TOKOil prices edged lower on Friday, but Brent largely held its gains from the previous session amid concerns that Iran may face renewed sanctions, choking off supply. Global benchmark Brent crude futures LCOc1 were down 27 cents, or 0.4 percent, at $74.47 a barrel by 0644 GMT, after rising 1 percent on Thursday U.S. West Texas Intermediate (WTI) crude CLc1 fell 19 cents, or 0.3 percent, to $68 a barrel. The contract gained 0.2 percent the previous session. Brent is heading for the third week of gains, up by 0.5 percent, while WTI is set to drop 0.4 percent for the week. “There’s a little bit of profit-taking today,” said Virendra Chauhan, oil analyst at Energy Aspects in Singapore. “The broader narrative, particularly the strength in Brent, is that people […]