Brent Crude Oil Rises on Uncertainty Over Iran War End
The uncertainty over the end of the Iran war has caused Brent crude oil to rise by more than $1 a barrel on Friday, settling at $83.55.
West Texas Intermediate futures finished at $78.18 a barrel, up 89 cents, or 1.15%.
This comes after oil prices fell earlier in the week as a possible solution to the conflict looked more likely, part of an on-again, off-again pattern that has persisted since the U.S. and Israel jointly struck Iran at the end of February.
The market remains in the dark about what needs to happen for the agreement to be clinched, said Vandana Hari, founder of oil market analysis provider Vanda Insights.