Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Escalating Middle East Tensions Underpin Crude Prices

Oil United States Israel Middle East OPEC

May WTI crude oil (CLK24) on Friday closed up +0.32 (+0.37%), and May RBOB gasoline (RBK24) closed down -0.56 (-0.20%).

Crude and gasoline prices on Friday settled mixed, with crude posting a 5-1/4 month high as escalating tensions in the Middle East could lead to oil supply disruptions.  Iran has vowed revenge on Israel for an airstrike on its embassy in Syria that killed top Iranian military commanders, raising fears that the Israel-Hamas war could more directly involve Iran.  Strength in the dollar Friday limited gains in crude and knocked gasoline prices into negative territory.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Taylor Swift and Kim Kardashian Reunion Rumour: Viral 'Spotted Talking' Photo Raises Questions About Their Feud
A viral photo allegedly showing Taylor Swift and Kim Kardashian talking has sparked reunion rumours, but questions remain over its authenticity
International Business Times UK
International Business Times UK
“Looks Like Organs”: Heidi Klum’s Grotesque Halloween Teaser Has Fans Convinced They Know Her Next Transformation
The slimy, close-up teaser for Heidi Klum’s Halloween costume this year is already making people’s stomachs churn.
Bored Panda
Bored Panda
‘He’s not going to punk me. I’ll trick him’: Ali G: Who Iz I? stooge says he was in on joke but didn’t tell Sacha Baron Cohen
Exclusive: Joshua Loudermilk says suspicions first raised during filming by gun shaped like wearable plastic bottom: ‘You’re gonna put a butt on top of a butt? You can’t run in that’ • This article contains spoilers for Ali G: Who Iz I?
The Guardian - UK
The Guardian - UK
Feminine desire is often ignored in sci-fi. Could that be changing?
The gun-slinging heroine of the mobile game Love and Deepspace, first released in 2024, lives on Earth in the year 2048. The planet is suffering from environment collapse and the reality-distorting effects of a spatial anomaly called the Deepspace Tunnel, which has appeared over the planet.
The Conversation
The Conversation
Sofía Vergara Spotted Holding Hands With Dan Reynolds After Reported Minka Kelly Split
Sofía Vergara and Dan Reynolds have prompted romance speculation after being photographed holding hands at a Beverly Hills dinner, weeks after reports of Reynolds's split from Minka Kelly
International Business Times UK
International Business Times UK
Jack White pays moving tribute to brother Edward Gillis after death from cancer
Edward ‘Eddie’ Gillis was the manager of the vinyl pressing factory in Detroit for White’s Third Man Records
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play