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

BEIJING, July 24 : 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 per cent, to $99.97 a barrel as of 0126 GMT, but remained on course for a 13.5 per cent advance this week. West Texas Intermediate (WTI) futures fell 70 cents, or 0.76 per cent, to $91.49 a barrel, on track for a 10.9 per cent weekly rise.Brent had settled up 7 per cent and WTI up 6.2 per cent 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.Prices were driven up by fears that the attacks would lead