Crude and oil products futures posted a second straight weekly gain despite a price dip Friday as elevated supply risks from expanding Middle East hostilities continued to underpin the market.

Oil futures retreated Friday morning but remained on track for the largest weekly gain in seven weeks on elevated supply risks caused by the flare-up in fighting in the Middle East.

The world's two leading crude oil benchmarks both traded in $100 bbl territory Thursday, hitting multi-month highs, as escalating tanker attacks near the Strait of Hormuz and hawkish geopolitical signals from Washington fueled...

Crude oil futures rallied to their highest since May Thursday (9/10) morning after a recent barrage of attacks on tankers in the Middle East and statements from Washington pointed to a deeper and longer-than-anticipated oil supply...

Crude oil futures rallied 3% or more Wednesday, with Brent breaching $100 bbl for the first time in seven weeks, as Tehran said it had targeted ships near the Strait of Hormuz, expanding the U.S. strategy of striking at commercial Iranian vessels in the sharply escalating...

Crude oil futures extended their rally Wednesday morning, with Brent's front-month contract surpassing the $100 bbl mark for the first time in nearly seven weeks as recent escalations in the U.S.-Iran war stoked supply fears.

Oil prices hit multi-week highs Tuesday, with global crude benchmark Brent nearing the critical $100 bbl mark, after fresh Houthi attacks on Saudi energy facilities forced operations to shut down.