Oil prices edged lower on Friday after storming back above $100 a barrel the previous day on fears of a wider Middle East conflict following Houthi attacks on tankers in the Red Sea.
Brent crude futures fell nearly 4 percent below $97 a barrel but were on track for a weekly gain of about 10 percent amid heightened fears of global supply disruptions.
WTI crude futures tumbled 3.4 percent to $89.07 but headed for a weekly gain of about 9 percent as clashes escalated over key shipping routes following Houthi attacks on Saudi tankers.
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Market Analysis
Oil Prices Slip From Two-month Highs
2026-07-24 09:42:59
