Oil Prices Slightly Higher Amid Middle East Tensions and Market Speculations
In Friday's trading session, oil prices edged higher, concluding the week with a modest uptick but still recording a weekly downturn. The financial markets remained on edge due to geopolitical tensions in the Middle East, particularly focusing on the developments between Iran and Israel. However, a potential crisis was seemingly averted as Iran downplayed the severity of a recent incident, hinting at avoiding further escalation.
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