Oil Prices Set for Second Week of Gains ...Middle East

Crude oil prices were on course to close a second week of gains in a row despite declines earlier in the week on persistent worry about oversupply, despite the continued drone attacks of Ukrainian forces on Russian refineries. At the time of writing, Brent crude was trading at $67.40 per barrel, with West Texas Intermediate changing hands for $63.49 per barrel. Both were down from Thursday’s close but slightly higher on Monday. Crude should have received some support from the Federal Reserve’s decision to cut interest rates by 25 basis…

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