US Oil Update: Oil Gains After Middle East Hostilities Flare Up Again
() -- Crude oil benchmarks surged on Monday rising more than 3% following military escalation between US and Iran over the weekend sparking supply concerns. Brent crude futures rose 3.6% to $78.72 per barrel, while West Texas Intermediate crude futures gained 3.4% to $73.88/bbl. "Oil prices jumped, with Brent trading n