Middle East Tensions Lift Oil Prices Despite Weekly Downturn

Crude oil futures are declining on Friday but still poised for significant weekly gains due to ongoing tensions in the Middle East.

The market is being driven by concerns over supply disruptions and potential conflicts that could impact global production.

Despite the recent downturn, crude prices have held most of their strong gains from the week, with some analysts attributing this resilience to OPEC's continued optimism about oil demand growth.