Oil prices increased more than 7% on Friday, June 13, 2025, trading near multi-month highs after Israel launched widescale strikes against Iran. Brent crude futures jumped $5.1, or around 7.4%, to $74.46 a barrel by 0843 GMT after hitting an intraday high of $78.50, the highest since January 27. U.S. West Texas Intermediate crude was up $5.1, or 7.5%, at $73.15 a barrel after hitting a high of $77.62, its highest level since January 21. Friday’s gains were the largest intraday moves for both contracts since 2022, after Russia’s invasion…
Read MoreOil Prices Hit 5-Month High After Israel’s Strikes On Iran
