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Middle East tensions lift oil, but weaker demand prospects push prices lower for the week

Myra P. Saefong
Middle East tensions lift oil, but weaker demand prospects push prices lower for the week

Crude-oil futures settle higher on Friday, a day after an attack on two tankers in the Strait of Hormuz triggered concerns about disruptions to the global flow of oil. Despite a rally on Thursday, however, prices suffer a loss for the week.