19 Hrs
Source:
المقر
Oil Rises, Weekly Slump
Brent crude futures rose 1.8% to $100.07 a barrel, while West Texas Intermediate climbed 1.3% to $91.71. However, both were on track for weekly losses of about 12% and 12.1%, respectively. Prices fell amid expectations that the war with Iran would de-escalate following Democratic gains in congressional elections. Attacks on oil tankers in the Gulf and the Strait of Hormuz, however, limited the decline amid concerns about supply.
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