Latest Oil Market News and Analysis for March 5

Oil extended gains as the US and Israeli war against Iran disrupted crude flows to key importers, with the combatants vowing to press on with the conflict and top importer China seeking to conserve fuel.
Brent climbed toward $84 a barrel, after jumping 12% over the first three days of the week, while West Texas Intermediate was near $77. US President Donald Trump expressed confidence in the military campaign, even as the timeline for operations remained unclear. The Islamic Revolutionary Guard Corps, meanwhile, pledged to intensify and expandBloomberg Terminal strikes in the coming days.