The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes, helping US and European stock markets stabilize. Brent dropped about four percent to under $97 a barrel, having soared seven percent Thursday. The key US contract, West Texas Intermediate, declined more than three percent after having gained more than six percent on Thursday.

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…

World oil prices soared Wednesday, with the benchmark international contract Brent North Sea crude surpassing $95 for the first time in nearly six weeks as the United States and…

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…

Brent crude futures rose $2.2 or 2.3 percent, to $96.27