Oil prices in the U.S. and the rest of the world were diverging Friday. That’s unusual, but the bigger picture is that prices are significantly higher than they were a week ago. West Texas Intermediate futures,

The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.

Soyabean oil and palm oil also boosted by US plans to increase amount of sustainable fuels used in petrol and diesel