Oil Eases After Topping $100, Still Set for Weekly Rise

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Oil Eases After Topping $100, Still Set for Weekly Rise

AI Summary

Oil prices fell more than 3% after topping $100 per barrel but remain on track for substantial weekly gains due to concerns over disrupted energy flows in the Red Sea and fears of escalation in the region. Market uncertainty continues amid geopolitical tensions.

Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U…

World Politics Markets Energy oil prices Red Sea energy flows price volatility geopolitical tensions oil market

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