Crude Heads for 5% Weekly Gain as US-Iran Fighting Continues
Brent and West Texas Intermediate fell on Friday, but both benchmarks were on track for weekly gains as U.S.-Iran clashes kept supply risks elevated.
8 Articles
8 Articles
Oil prices - Friday - rose to end the week with strong gains after the United States and Iran resumed the exchange of military strikes, while diesel prices for consumers in the United States recorded a record level.
Crude heads for 5% weekly gain as US-Iran fighting continues
High oil prices push inflation and borrowing costs higher
Global oil prices rose last week amid escalating conflicts in the Middle East and concerns about global supply disruptions, while gold recorded a weekly decline as the dollar strengthened and the likelihood of a Federal Reserve (US central bank) interest rate hike increased.
Qatar News: Lower oil prices due to renewed escalation between the United States and Iran
Today, Friday's oil prices tend to record weekly gains of more than 6% after the US and Iran's exchange of military strikes in their current seventh month of conflict, while US diesel prices have reached a record level. Brent's future contracts have gone up 6.1% since the beginning of the week, and the West Texas ore has increased [...] oil is heading for weekly gains due to Iran's tensions written in the Stock Exchange.
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