Oil prices set for second weekly loss despite Middle East attacks; Brent at $95.87

Brent and WTI are heading for a second consecutive weekly decline, trading at $95.87 and $88.49 respectively, well off mid-October peaks but above pre-war February levels. The market is downplaying fresh Middle East attacks, suggesting traders see limited escalation risk, though signals remain mixed. This divergence between geopolitical headlines and price action indicates supply fears are easing.

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