Oil prices set for weekly gain as US-Iran hostilities intensify

Sept 4 : Oil prices eased on Friday but were still headed for a weekly gain as rising U.S.-Iran tensions heightened concerns over Middle East supply risks.Brent crude futures were down 47 cents or 0.49 per cent at $95.05 a barrel by 0813 GMT, while U.S. West Texas Intermediate crude futures lost 64 cents, or 0.70 per cent, to $90.66. However, Brent rose 6.5 per cent for the week, its biggest weekly gain since August 17, while WTI climbed 8.8 per cent, its strongest weekly performance since July 13.U.S. attacks this week that killed and wounded dozens, including Iranian civilians, marked the fiercest clashes between the two countries since July. The war is in its seventh month since beginning with U.S.-Israeli strikes in late February. Israeli Defence Minister Israel Katz renewed warnings t