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via finance.yahoo.comMarkets

Oil holds above $110 as traders price in Middle East escalation

FROM THE WIRE · FINANCE.YAHOO.COM

Oil prices edged higher on Friday after Houthi attacks near the Red Sea stoked worries of escalating fighting in the Middle East. Brent crude (BZ=F) futures held at $110 per barrel. The international benchmark was on track for its third consecutive week of gains. Meanwhile, West…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishBrent above $110 and WTI near $100 directly affect energy prices, inflation and rate expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Brent held at $110 per barrel, on track for a third consecutive weekly gain.
  2. 02West Texas Intermediate traded near $100 a barrel.
  3. 03Houthi attacks near the Red Sea stoked worries of escalating fighting.
  4. 04Saudi Aramco ordered the evacuation of its Dhahran headquarters.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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