💨 Abstract

Oil prices fell on Friday but rose for the second straight week, influenced by potential Middle East supply disruptions and Hurricane Milton's impact on Florida's fuel demand. Brent and WTI benchmarks rose by over 1% for the week. The rise in prices is due to market tension over a possible Israeli response to Iran's missile attack, which could damage Iran's oil and gas infrastructure.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖