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Middle East spat boosts oil futures at Friday’s close

Middle East spat boosts oil futures at Friday’s close

Mubasher: Oil futures climbed at Friday’s settlement, pushed up by the heated conflict in the Middle East.

July Nymex WTI rose $0.23, or 0.4%, to close at $52.51 per barrel, losing 2.7% for the week.

Yesterday, two “Japan-related” oil carriers near the strategic Strait of Hormuz were reportedly attacked, amid heightened tensions between Iran and the US.