WTI crude surged nearly 13% for the week as traders priced in simultaneous threats to the Strait of Hormuz and the Bab el-Mandeb, creating fears of sustained disruptions to global oil flows and refined fuel supplies.

Crude oil prices extended their rally on Wednesday, with Brent crude holding above the $90-a-barrel mark as escalating tensions in the Middle East kept investors focused on the…

Crude oil prices jumped to six week high on Thursday, with Brent rising above the $96-a-barrel mark and US benchmark WTI climbing past $88, as the Middle East conflict showed no…