Oil Prices Climb on Middle East Tensions and Positive US Jobs Data

Weekly gains exceed 3% as geopolitical risks and economic indicators drive market volatility

US crude oil and Brent futures both see significant weekly gains over 3%.
Middle East tensions escalate with potential retaliatory strikes by Iran against Israel.
US jobless claims fall, easing recession fears and boosting demand outlook.
Libya's Sharara oilfield declares force majeure due to protests, impacting production.
US crude inventories drop for the sixth consecutive week, reaching six-month lows.