Oil prices settled more than $1 higher on Friday, recording their biggest monthly gain since March, supported by developments in the Middle East. Brent

After several days of a lull in the direct conflict, a flare up in tensions left investors concerned about the continued flow of energy from the region.

Oil futures are financial contracts that allow participants to buy or sell a specific quantity of oil at a predetermined price on a future date. These contracts serve as an agreement between the buyer and the seller to facilitate the delivery of oil or the ...

Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week.

Oil prices got back to jumping, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control