Crude oil’s muted reaction to Middle East airstrikes based on plentiful supply

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Crude oil’s muted reaction to Middle East airstrikes based on plentiful supply


SlavkoSereda/iStock via Getty Images

An early spike in crude oil prices from rising Middle East tensions proved short-lived Friday, and futures ended lower for the week.

News of U.S.-led airstrikes against Houthi rebels in Yemen initially sent crude futures up as much as 4%, but

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