Middle East conflict pushes oil back above $100 per barrel; diesel hits a record $5.94 per gallon

Following attacks on oil facilities and vessels in the Middle East, Brent crude briefly rose nearly 3% to $100.72 per barrel, exceeding $100 for the first time since July, while U.S. benchmark crude rose 2.4% to $95.25. Average diesel prices reached a record $5.94 per gallon. Bank of America analysts said oil prices could reach $95 to $120 if shipping through the Strait of Hormuz remains disrupted, and could surge to $150 if energy infrastructure is damaged.