Oil prices slipped back Friday after a string of gains, but ended the week sharply higher as traders assessed growing risks to Middle East crude exports. The weekly advance was among the largest in months, driven by concerns over potential supply disruptions from the Middle East.

Traders weighed the possibility of disruptions to crude exports from key producers, with attention focused on Iran and Israel. Any escalation could threaten shipping routes and production, adding a risk premium to prices.

Despite Friday's pullback, both major benchmarks posted strong weekly gains. Analysts noted that the market remains sensitive to geopolitical developments, and further volatility is likely in the coming sessions.