Markets

Oil scores back-to-back weekly gains as Israel-Hamas war raises risks in the Middle East

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Oil futures settled with a loss on Friday, but scored a second straight weekly gain after the Oct. 7 attack on Israel by Hamas sparked a war that threatens to spillover across the region, potentially endangering the supply of crude.

Natural-gas prices, meanwhile, marked an eighth consecutive session decline after a U.S. government report on Thursday revealed a bigger-than-expected weekly rise in supplies of the fuel.

Price action

Market drivers

“The…

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