Global oil prices set to climb for 5th straight week as U.S. sends more military might into the Middle East

What Happened

Oil prices moved higher Friday, with global benchmark Brent crude on track to tally a fifth-straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East — the latest sign of escalation in the conflict that started nearly three weeks ago.

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Background Context

Oil prices moved higher Friday, with global benchmark Brent crude on track to tally a fifth-straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East — the latest sign of escalation in the conflict that started nearly three weeks ago.

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Source: MarketWatch.com – Top StoriesOriginal Link

Source: MarketWatch.com – Top Stories

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