Crude prices had previously surged nearly 3% due to ongoing tensions in the Middle East and an outage in Libya Global prices for crude oil increased on Thursday, stretching gains scored during the previous day as tensions around the Israel-Gaza military conflict continue to escalate, and protesters at the largest oil field in Libya ceased production. Global benchmark Brent futures increased 0.42% to settle at $78.58 per barrel. The US benchmark West Texas Intermediate (WTI) crude rose 0.55% to $73.10 per barrel. On Wednesday, both benchmarks soared some 3% to end higher for the first time in five days, with WTI re
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