New York, May 08 (QNA) - Oil prices rose at settlement today, influenced by renewed escalation between the United States and Iran in the Middle East.
Brent crude futures were at $101.29 a barrel, up 1.23 percent, after jumping as much as 3 percent earlier in the session.
Meanwhile, the price of West Texas Intermediate (WTI) crude oil futures settled at $95.42 per barrel, up 61 cents, or 0.64 percent.
Despite this increase, both crude oil futures contracts recorded weekly declines exceeding six percent at settlement. (QNA)