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 New Charts Show Gold and Silver Poised for Breakout READ MORE Defying Conventional Thinking: Gold Gains Against Rising Rates and a Robust Dollar READ MORE Middle East Tensions Stir Global Economic Concerns as Oil Prices Climb READ MORE More Americans Apply for Unemployment Benefits But Layoffs Still Historically Low READ MORE The Office Meltdown Will Result in $1 Trillion of Losses, Says Real Estate Billionaire READ MORE Add a Comment Cancel replyYour email address will not be published.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