Crude oil futures settled higher on Friday as Middle East tensions renewed after the exchange of fire between the U.S. and Iran. Iran is delaying its response to a U.S. peace proposal to end the war, adding to the uncertainty.
Benchmark crude oil futures for June delivery increased by $0.61 or 0.64% to settle at $95.42 a barrel on the New York Mercantile Exchange. Brent crude for July delivery rose by $1.23 or 1.23% to settle at $101.29 a barrel on the New York Mercantile Exchange.
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