Oil rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, although the market is set for a weekly loss on expectations of fewer U.S. interest rate cuts this year.
Concern that Iran might retaliate for an attack on Monday by suspected Israeli warplanes on Iran's embassy in Damascus has supported oil near a six-month high this week, despite dampening factors such as rising U.S. inventories.
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