Global oil prices finished on a mixed note while U.S. crude prices edged higher Thursday, reacting to news of progress toward a deal that would extend the U.S.-Iran cease-fire.

Global oil prices finished on a mixed note while U.S. crude prices edged higher Thursday, reacting to news of progress toward a deal that would extend the U.S.-Iran cease-fire.

Oil prices have been volatile in recent ​sessions on conflicting signals on the possibility of an end to the three-month war.

Stock markets were mixed while oil prices fell again on Friday on investor optimism that the United States and Iran would reach a deal to extend their ceasefire -- despite Washington and Tehran offering conflicting views on the state of negotiations.

Crude oil futures finished mixed in volatile trading Thursday after the U.S. and Iran reportedly reached a tentative agreement to extend their ceasefire by 60 days, potentially allowing the resumption of shipments through the Strait of Hormuz.

Oil prices dipped Thursday amid reports that the U.S. and Iran had reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz. International benchmark Brent crude was trading at about $94 per barrel as of Thursday afternoon,

Asian stock markets mostly rose while oil prices dipped on Friday, driven by hopes of a 60-day ceasefire extension between the United States and Iran. Oil prices slipped on this de-escalation optimism,