Global instability pushes oil higher, pump prices may follow

BOISE – As tensions flare in the Middle East, market insecurity is pushing crude oil prices higher, and the effects may soon be felt at the pump. The West Texas Intermediate benchmark for crude oil is currently trading near $77 per barrel after remaining at or below the $70 mark for nearly a month. The cost of crude has soared in the past few days, with escalating conflicts between Iran and Israel a likely contributor to the surge.

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