Oil Heads for Weekly Gains After Israel Rejects Ceasefire Offer

Oil Heads for Weekly Gains After Israel Rejects Ceasefire Offer
A pump is seen at a gas station in Manhattan, New York City on Aug. 11, 2022. Andrew Kelly/Reuters
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LONDON—Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas.

Brent crude futures slipped 6 cents, or 0.1 percent, to $81.69 a barrel by 0851 GMT, while U.S. West Texas Intermediate crude futures rose 21 cents, or 0.3 percent, to $76.43 a barrel.