Latest Oil Market News and Analysis for March 6

Oil headed for the biggest weekly surge since 2022 as the war in the Middle East unleashed a wave of disruption across energy markets, with producers, importers and shippers struggling to deal with the fall-out.
Brent has rallied 15% this week, although prices retreated below $84 a barrel on Friday after President Donald Trump signaled “imminent action” to reduce pressureBloomberg Terminal on prices, and the Treasury Department eased curbs on India’s ability to buy Russian oil. West Texas Intermediate was near $79.