The oil price rally continued on Friday, adding to Thursday’s big jump after the Middle East crisis took a turn for the worse. Crude oil futures surged as much as 5% in Thursday’s session after President Biden said his administration would support Israel striking Iran's oil facilities, adding that the option is being discussed.
Brent crude for November delivery gained 2.0% in Friday’s session to trade at $79.12 per barrel at 13.20 pm ET while WTI crude was changing hands at $75.38 per barrel after gaining 2.3%. Clearview Energy…Israel-Iran Showdown Threatens India’s Energy Security
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