Oil prices settled higher on Friday and gained 4% on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. election next month.
Brent crude futures settled up $1.67, or 2.25%, at $76.05 a barrel. U.S. West Texas Intermediate crude settled up $1.59, or 2.27%, to $71.78.
Brent settled 4% up on the week, while WTI settled 3.7% higher on the week.
"Really it seems like the market is bouncing around in a holding pattern till we get an answer to some of these questions on Israel, the war and the election," said Phil Flynn, senior analyst at Price Futures Group.
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