WTI Crude Oil Prices Rise on Middle East Tensions Despite U.S. Inventory Increase

U.S. WTI crude oil prices climbed 0.39%, as Israel vowed a "painful" retaliation to Iran's missile attack, lending support to oil prices. However, the rise was tempered by an increase in U.S. crude oil inventories. West Texas Intermediate (WTI, Financial) crude for November delivery on the New York Mercantile Exchange increased by $0.27, or 0.39%, to settle at $70.10 per barrel. Traders are closely monitoring developments in the Middle East. Following Iran's large-scale ballistic missile attack on Israel, I ...