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

<p>Oil set for third weekly decline as Middle East conflict concerns ebb</p><p><a href="https://piqsuite.com/reuters/oil-set-for-third-weekly-decline-as-middle-east-conflict-concerns-ebb" target="_blank" rel="nofollow">FULL STORY</a></p><p>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.</p><p>"The threat of disruptions to supplies from the Middle
East continues to fall," ANZ Research said in a note on Friday.</p><p>"The conflict remains well contained within Gaza,
despite concerns it would escalate as neighbouring Arab nations show their
displeasure."</p><p>The White House said on Thursday that Israel had agreed to
pause military operations in parts of north Gaza for four hours a day, though
there was no sign of a complete let-up.</p>

This article was written by Ryan Paisey at www.forexlive.com.