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00:02U.S. crude oil prices surged above 100 per barrel Thursday,
00:06as fighting in Iran escalated, according to CNBC.
00:10West Texas Intermediate futures rose 6.7% to settle at $102.48 per barrel,
00:16their highest close since May 19th,
00:18while Brent crude gained 6.3% to $107.63.
00:24Oil prices have climbed more than 18% in September,
00:27as markets brace for a prolonged Middle East conflict.
00:30The Wall Street Journal reported that White House advisors
00:33have discussed the possibility that the Iran War
00:36could extend beyond January 2029.
00:39Goldman Sachs warned that escalating attacks on shipping
00:42could push oil above $120 per barrel.
00:45A decline in transit volumes, broader conflict,
00:48or threats to energy infrastructure
00:50could further tighten the physical oil market
00:52and push prices higher.
00:54For all things money, visit Benzinga.com.
00:57for all things money,
00:57that goes on to change its
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