Oil jumps as market waits for Israel attack on Iran

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Oil jumps as market waits for ******* ******* on Iran

U.S. crude oil rose nearly 3% on Monday, as the market waited for ******* to strike Iran.

Oil prices spiked last week on fears that ******* could hit the Iran’s oil industry in retaliation for Tehran’s ballistic missile *******.

U.S benchmark West Texas Intermediate surged 9.09% last week for the biggest weekly gain since March 2023. Global benchmark Brent jumped 8.43% for the biggest weekly advance since January 2023.

Here are Monday’s energy prices:

West Texas Intermediate November contract: $76.44 per barrel, up $2.06, or 2.77%.Brent December contract: $79.91 per barrel, $1.86, or 2.38%.

President Joe Biden on Friday discouraged ******* from striking Iranian oil facilities, after prices jumped about 5% a day earlier when the president suggested the U.S. was discussing the possibility of such a strike.

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