MarketPR
Oil futures finished lower Friday to record a third consecutive weekly decline, then turned higher in after-hours trading after the U.S. military confirmed a retaliatory strike on Iran.
The after-hours reversal recast what had been a bearish session and a losing week into a live geopolitical risk event heading into the weekend.
Three Weeks of Losses, Then a Headline After the Bell The regular session Friday put the finishing touches on a third-straight weekly decline for oil — a sustained run of selling that had been defining the energy market's near-term direction.
That framing did not survive the post-settlement hours intact. military's confirmation of a retaliatory strike on Iran arrived in extended trading and pushed oil prices higher.
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