Crude Oil Rally Continues: Third Weekly Gain as Middle East Tensions Escalate U.S. oil prices are approaching a two-month high and are set for a third consecutive weekly gain, driven by growing concerns of a potential conflict between Israel and Hezbollah. This situation has raised fears of a direct confrontation with Iran, an OPEC member, leading to increased market volatility. The Pentagon’s move to position military assets near Lebanon for potential American evacuations has further heightened tensions. As a result, both U.S. crude (West Texas Intermediate) and global benchmark Brent have reached their highest levels since late April. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts How Gen Z's Interest in Gold is Shaping the Market READ MORE S&P 500 Hits 20th Record Record High in 2024 READ MORE The Uncertain Path of the Global Economy in 2024: What to Watch READ MORE Powell's Friday Jackson Hole Address: Decoding the Fed's Next Move READ MORE The Best Time to Buy Gold & Silver in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment