Oil on pace for biggest weekly increase in more than a year on fears of Israeli strike against Iran
Oil was on pace to gain 9% in what would amount to its biggest weekly increase in more than a year over concerns that Israel could target Iran’s crude facilities in response to Tehran’s recent missile assault. West Texas Intermediate futures (CL=F) extended gains midday to hover above $74 per barrel, while Brent (BZ=F), the…
