Oil Prices Bag Second Straight Week Of Gains On Red Sea Turmoil, But They're Still Off More Than 15% From 2023 Peak

Oil prices were set for a second straight week of gains on Friday as Red Sea tensions persisted following a series of attacks on commercial shipping in the region by Yemeni Houthi rebels. In early trade on Friday, the U.S. benchmark oil futures contract Nymex WTI was up 1.1% at $74.68 per barrel,…

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