[theold]

Concerns about Iran's retaliation against Israel pushed oil prices to their highest level since October last week, with the global benchmark Brent crude oil reaching $92.18 a barrel on Friday before settling up 71 cents at $90.45 a barrel that day. U.S. West Texas Intermediate crude futures rose by 64 cents to $85.66 a barrel.

"Crude prices already included a risk premium, and the extent to which it will widen further almost exclusively depends on developments near Iran around the Strait of Hormuz," said Ole Hansen at Saxo Bank.

https://www.foxbusiness.com/markets/oil-...ack-israel