Crude oil futures ended higher on Friday as traders weighed risk of Iran attack on Israel. Following the alleged Israeli attack on the Iranian consulate in Damascus, Syria, private report suggested that the top Iranian leadership is planning a retaliatory attack on Israel within the next 48 hours. Iran is said to be weighing the political risks of a direct attack on Israel. Meanwhile, Israeli Prime Minister Benjamin Netanyahu said the country will carry on with the war in Gaza.
Benchmark crude oil futures for May delivery surged $0.64 or 0.8% to settle at $85.66 a barrel on the New York Mercantile Exchange. Brent crude for June delivery rose $0.71 or 0.79% to $90.45 per barrel on London's Intercontinental Exchange.