Brent Nears $96 as Iran Conflict Keeps Oil Market on Edge

Crude oil prices extended their climb today and are set for a sharp weekly gain as the war in the Middle East continues with little chance of peace. At the time of writing, Brent crude was trading at $95. 55 per barrel, and West Texas Intermediate was changing hands for $91.

53 per barrel, as Iran and the United States traded missile strikes this week and Israel’s defense minister threatened “crippling” Iran’s infrastructure, both military and civilian, including energy facilities.