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 NYSE Resolves Software Glitch After Erroneous 99% Stock Drop Displays READ MORE Gold Prices Steady as Investors Await Key U.S. Employment Data READ MORE Yukon Government Seeks Control of Victoria Gold After Mine Disaster READ MORE Core Inflation Meets Expectations, Posing Questions for Fed's Next Move READ MORE Gold's Glitter May Fade: Expert Cautions on Gold's Vulnerability Post-Rally READ MORE Add a Comment Cancel replyYour email address will not be published.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