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The Economic Times

Business / The Economic Times

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Oil prices settle up as US begins holiday weekend

Oil prices increased on Friday as traders rushed to close short positions ahead of the extended weekend. Heightened fears about a possible US operation against Iran contributed to the fluctuating prices, pushing both Brent crude and US West Texas Intermediate to gain ground. The recent deployment of a US Navy carrier group to the Persian Gulf couldn't be ignored either.

17 Jan 2026 11:15 am