Oil climbs as U.S. boosts Middle East presence, marking 5th weekly gain
TL;DR Summary
Oil prices finished higher for the fifth straight week as Brent rose about 9% on supply worries tied to escalating Iran tensions and a U.S. military buildup in the Middle East, while WTI ended the week lower; markets were also rattled by reports Trump is weighing measures related to Kharg Island to reopen the Strait of Hormuz, highlighting ongoing supply-risk concerns for global oil.
- Global oil prices climb for 5th straight week as U.S. sends more military might into Middle East MarketWatch
- Exclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April WSJ
- Oil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked CNBC
- How High Will Oil Prices Go? Global Markets Brace for More Bad News. The New York Times
- Oil Prices Ease As US Pulls Out All Stops To Secure Supply Crude Oil Prices Today | OilPrice.com
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