Live Update 
From the Liveblog of
Friday, June 13, 2025
From the Liveblog of
Friday, June 13, 2025
Oil prices jump 7% as Israel, Iran trade air strikes
Add ToI as a Preferred Source on GoogleOil prices jumped on Friday and settled 7% higher as Israel and Iran traded air strikes, feeding investor worries that the combat could widely disrupt oil exports from the Middle East.
Brent crude futures settled at $74.23 a barrel, up $4.87, or 7.02%, after earlier soaring over 13% to an intraday high of $78.50, the strongest level since January 27.
US West Texas Intermediate crude settled at $72.98 a barrel, up $4.94, or 7.62%. During the session, WTI jumped over 14% to its highest since January 21 at $77.62.
Both benchmarks had their largest intraday moves since 2022 when Russia’s invasion of Ukraine caused a spike in energy prices.
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