Oil set for weekly rise amid Red Sea shipping attacks, Kazakhstan output cuts

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%, to $99.97 a barrel as of 0126 GMT, but remained on course for a 13.5% advance this week. West Texas Intermediate (WTI) futures fell 70 cents, ​or 0.76%, to $91.49 a barrel, on track for a 10.9% weekly rise. Brent had ​settled up 7% and WTI up 6.2% on Thursday, the first ⁠time since May that Brent settled above $100 after Iran-aligned Houthis said they had struck two ​Saudi oil tankers in the Red Sea.