EconomyOil set for weekly rise amid Red Sea attacks and Kazakhstan cuts
Oil prices were heading toward a weekly gain on Friday. Houthi attacks on tankers in the Red Sea raised fears that a second major shipping chokepoint could be closed. Kazakhstan also temporarily reduced production after the shutdown of its main export route. The disruptions added pressure to supply and helped support the rise in prices.
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Oil set for weekly rise amid Red Sea attacks and Kazakhstan cuts
Economy