💨 Abstract

Oil prices surged for a fourth straight day on Friday, setting up crude benchmarks for their largest weekly gains in two years, due to potential Israeli strikes on Iranian energy infrastructure. Brent and WTI futures gained more than 9% on the week, with prices expected to stay elevated until the conflict is resolved. Low levels of global oil inventories and threats from Iran to target Israeli energy installations have contributed to the price increase.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖