Oil Prices Surge Amid Middle East Tensions

Oil prices are set to post significant weekly gains as Israel continues its offensive in Gaza, rejecting Hamas' ceasefire proposal.

Oil prices are on track for a weekly gain of over 5% as conflict between Israel and Hamas escalates.
Israeli Prime Minister Benjamin Netanyahu rejects Hamas' ceasefire offer, intensifying Middle East tensions.
U.S. drone strike kills senior militant leader in Baghdad, raising tensions with Iraq, a major oil producer.
Market analysts predict oil could rise to the high $80s by May amid ongoing Middle East conflicts.
Russia exports more crude than planned in February, potentially undermining its OPEC+ pact commitment.