Oil prices have continued to climb amid growing fears that Israel could target Iranian oil facilities.
Oil is set for its largest weekly gain in over a year
Oil is on course for its strongest week in over a year, driven by escalating conflict in the Middle East, including Israeli airstrikes on Beirut, Lebanon.
Traders forecast oil prices to reach $100 per barrel as tensions in the Middle East escalate.
Traders are increasingly betting on a sharp rise in oil prices amid fears of a potential conflict between Israel and Iran.
Oil and mining stocks boost FTSE 100 – Gas prices rise – Oil market ‘jumpy’
The FTSE 100 opened higher, driven by gains in energy and industrial metal mining stocks.