Oil rises over 4% as Iran-Israel conflict escalates


Brent crude futures settled at US$76.45 a barrel, US$3.22, or 4.4%. US West Texas Intermediate crude finished at US$74.84 a barrel, up US$3.07 or 4.28%.

HOUSTON: Oil prices climbed over 4% on Tuesday as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and flows have so far been spared from substantial impact.

Brent crude futures settled at US$76.45 a barrel, US$3.22, or 4.4%. US West Texas Intermediate crude finished at US$74.84 a barrel, up US$3.07 or 4.28%.

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