HOUSTON: Oil prices extended gains after settlement on Thursday, rising by more than US$2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days.
WTI crude oil futures jumped US$2.15 or 3.13% to US$70.76 after settlement at 3:22 p.m. EDT, and Brent futures for January delivery jumped by US$2.10 or 2.91% to US$74.26.
