WTI Oil Prices Surge Over 5% Amid Escalating Middle East Tensions

WTI crude oil prices in the U.S. rose over 5%, marking the third consecutive day of gains, fueled by ongoing tensions in the Middle East. This week, WTI oil has increased by more than 8%. On the New York Mercantile Exchange, November delivery of West Texas Intermediate (WTI, Financial) crude closed up $3.61, or 5.15%, at $73.71 per barrel. The price has risen by over 8% this week. The rise in oil prices is attributed to Iran's large-scale missile attack on Israel, prompting Israel to vow retaliation. The U. ...