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Oil prices surged after a shock attack on Israel by Hamas brought renewed instability to the Middle East.

Crude's current winning streak is the most in over a year.

Last year, the demand for loans from fossil-fuel companies fell 6 percent year on year.

Vitor Abreu is a geologist, but he arrived in Seoul last week like a star, greeted at the airport by flashing cameras and a hoard of reporters.

Oil rallied as Israeli Prime Minister Benjamin Netanyahu's dismissal of a potential cease-fire in the Israel-Hamas war triggered algorithmic buying in markets.

Oil rallied as Russian President Vladimir Putin vowed to continue the invasion of Ukraine and China partially eased Covid-related restrictions, allaying some of the demand concerns that had weighed on prices.

Oil rallied as the European Union continued to haggle with holdouts over a Russian crude ban while a US government report showed fuel inventories plunging ahead of the summer driving season.

Oil surged after OPEC+ said it was considering cutting its production limit by as much as 2 million barrels a day, double what was previously anticipated.

Oil rose to the highest price in more than two weeks as companies increasingly steer clear of the Red Sea amid a spike in vessel attacks along the key shipping conduit.

Oil extended this year's rally to almost $80 a barrel amid signs of a tightening physical market.