Oil Updates – crude set for third weekly decline as Middle East conflict concerns ebb

SINGAPORE: Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves, according to Reuters.

Brent crude futures for January were up 41 cents, or 0.5 percent, at $80.42 a barrel at 8:50 a.m. Saudi time, while the US West Texas Intermediate crude futures for December were at $76.06, up 32 cents, or 0.4 percent.