Commodities
Oil Edges Up on Report Iran Plans to Attack Israel Via Proxies
- Traders weigh potential Iran retaliation ahead of weekend
- US benchmark sheds 3.2% during volatile week of trading
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Oil edged higher on a report that Iran may be preparing to attack Israel from Iraqi territory in the coming days, though crude still finished the week lower amid skepticism that the war will disrupt supplies.
West Texas Intermediate surged as much as 3.2% on Friday before paring gains to settle below $70 a barrel, up 0.3% for the session. Global benchmark Brent rose 0.4% to settle near $73.