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Crude oil futures rose on Thursday due to mounting tensions in the Middle East. West Texas Intermediate crude for May delivery gained $1.16 to settle at $86.59 a barrel, while Brent for June delivery advanced $1.30 to $90.65 a barrel. Israeli embassies were put on high alert after Iran vowed retaliation over a missile strike on its Damascus consulate.  Oil prices have rallied this year, with U.S. crude adding nearly 21% and Brent up 18%. The escalating tensions between OPEC member Iran and Israel have raised fears of a conflict in the Middle East that could squeeze oil supplies. Gasoline prices averaged $3.57 per gallon nationwide. 

U.S. crude oil breaks $86 as tensions mount between Israel and Iran

Crude oil futures rose on Thursday due to mounting tensions in the Middle East. West Texas Intermediate crude for May delivery gained $1.16 to settle at $86.59 a barrel, while Brent for June delivery advanced $1.30 to $90.65 a barrel. Israeli embassies were put on high alert after Iran vowed retaliation over a missile strike on its Damascus consulate.  Oil prices have rallied this year, with U.S. crude adding nearly 21% and Brent up 18%. The escalating tensions between OPEC member Iran and Israel have raised fears of a conflict in the Middle East that could squeeze oil supplies. Gasoline prices averaged $3.57 per gallon nationwide. 

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