BEIJING, July 24 : Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut.Brent futures eased 72 cents, or 0.72 per cent, to $99

Oil prices rise 2% amid escalating risks in Hormuz and the Red Sea as US strikes on Iran continue.

Brent crude futures rose 0.55 per cent, or 50 US cents, to US$91.51. Read more at straitstimes.com. Read more at straitstimes.com.

Crude oil futures traded higher on Thursday morning following reports of attacks by the Iran-backed Houthis on ships in the Red Sea.

Brent crude futures rose $2.2 or 2.3 percent, to $96.27

Houthi militant attack on Saudi Arabian tankers threatens deeper supply disruptions