Oil prices settle higher

(UrduPoint / Pakistan Point News / WAM - 09th May, 2026) NEW YORK, 9th May, 2026 (WAM) - Oil prices rose at settlement Friday, influenced by renewed escalation between the United States and Iran in the middle East.

Brent crude futures were at $101.29 a barrel, up 1.23%, after jumping as much as 3% earlier in the session.

Meanwhile, the price of West Texas Intermediate (WTI) crude oil futures settled at $95.42 per barrel, up 61 cents, or 0.64%.