💨 Abstract

Oil prices dropped slightly on Friday but rose overall for the second week, due to factors including potential Middle East supply disruptions and Hurricane Milton's impact on fuel demand in Florida. Brent crude settled at $79.04 and WTI at $75.56 per barrel. The increase was driven by tension over Israel's response to Iran's missile attack, with potential oil infrastructure damage leading to price hikes.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖