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The Odessa

West Texas oil rises to $85 a barrel as Iran conflict adds “war premium,” expert says

West Texas oil rises to $85 a barrel as Iran conflict adds “war premium,” expert says
Photo: CBS7 / KOSA-TV News (firstalert7.com) · view original

ODESSA, Texas (KOSA) - West Texas Intermediate crude is now trading around $85 a barrel, up sharply from about $60 at the start of the year. Analysts attribute the increase to uncertainty tied to the conflict involving Iran. In past oil run-ups across the Permian Basin, higher prices were often d...

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