Oil was set for a second weekly loss after the risk premium from the Israel-Hamas war vanished, bringing signs of soft demand to the fore. West Texas Intermediate slid 2.4% to settle near $80 a barrel, the lowest since late August. That’s after the leader of Iran-backed militant group Hezbollah said it didn’t know about 7 October attack, reinforcing views that the war will remain contained. Cushioning the losses were a soft US jobs report that’s supporting speculation the Fed can stop increasing ....
