💨 Abstract

Oil prices rose on Friday due to the escalating tension in the Middle East, with Israel threatening to attack Iranian oil facilities and Iran vowing retaliation. The U.S. President Biden discouraged Israel from targeting Iran, which limited gains. Brent crude gained 0.6% to $78.05 per barrel, and WTI gained 0.9% to $74.38 per barrel.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖