This story is available exclusively to Business Insider
subscribers. Become an Insider
and start reading now.
Have an account? .
subscribers. Become an Insider
and start reading now.
Have an account? .
- Crude oil prices surged after Israel launched strikes at Iran.
- West Texas Intermediate and Brent crude oil futures saw significant price increases.
- Oil futures are surging due to concerns over supply disruptions from the Middle East.
Crude oil prices surged on Friday after Israel said it had launched strikes at Iran, prompting fears of energy supply disruptions from the Middle East.
US benchmark West Texas Intermediate crude oil futures climbed nearly 8% higher, to $73.42 a barrel, at 9:10 p.m. ET.
International benchmark Brent crude oil futures were up 7.6%, to $74.64 a barrel, at 9:10 p.m. ET.
Iran is the fourth-largest oil producer in the Organization of Petroleum Exporting Countries.
This is a developing story. Please check back for updates.
Read the full article here
