tensions

Geopolitical tension is rising, and the market is worried that Iran will go to war with Israel. International oil prices once rose by more than 1 US dollar per barrel on Friday, then hit a five-month high, and the number of consecutive days of increase extended to the sixth trading day.

The New York futures market closed up 32 cents, or 0.37%, to $86.91 per barrel. London Brent futures closed up 52 cents, or 0.57%, to $91.17 per barrel. The cumulative increase of the two futures was about 4% this week, the best weekly performance since mid-February.

Price analyst Phil Flynn pointed out that if Iran and Israel go to war head-on, it will bring unprecedented challenges to the oil market.