Oil extends weekly gains, up 1% as Red Sea tension persists

Oil extends weekly gains, up 1% as Red Sea tension persists

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Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola's decision to leave OPEC raised questions over the group's effectiveness in supporting prices. futures were up 86 cents, or 1.1%, to $80.25 a barrel by…

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