Crude oil rises 3.85% in delayed data as Middle East tensions persist

Crude oil prices rose, with reports saying Middle East tensions persist. In delayed data (not live), our front-month WTI crude oil quote (the price for the nearest delivery month) was $103.3 per barrel, 3.85% above the previous close (the price when trading ended the day before).

One report says Brent crude oil (a separate global benchmark grade) topped $116, a six-month high, while tensions in the Middle East swell. Other reports say oil prices hit their highest point since May.

Reports say Middle East risks persist, and one report ties the gains to swelling tensions there. The reports do not say how long the tensions last.

The reports do not say what happens next.