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 Mortgage Rate Decline Prompts Spike in Refinancing Applications READ MORE New York Community Bancorp Stock Halted After Big Plunge READ MORE Gold Drops to 2-Week Low READ MORE Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE Gold Prices Climb as Market Awaits Fed's Inflation Decisons READ MORE Add a Comment Cancel replyYour email address will not be published.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