WTI crude oil posted a strong weekly gain as geopolitical tensions in the Middle East and fears over supply disruptions outweighed higher OPEC+ production targets and a surprise increase in U.S. crude inventories.

Oil prices saw a slight dip Friday but are set for weekly gains. US and Iran exchanged strikes, escalating regional tensions and impacting supply routes. Concerns over rising…

Even with Friday's decline, both crude benchmarks were set to end the week higher. Brent was on course to gain about 6%, while WTI was poised to rise nearly 5%.