Analyst: Oil prices rise due to uncertainty in the market over whether conflicts can be quickly resolved.

Crude oil futures rose, continuing the pattern of rising one day and falling the next, as market expectations for when the Persian Gulf war may end continued to change. Dennis Kissler of BOK Financial said in a report, "The conflicts between the US-Israel and Iran, as well as the Russia-Ukraine war, appear to be lasting longer than many analysts predicted, and the possibility of the US using ground forces against Iran is increasing." He stated, "If the Strait of Hormuz cannot provide a secure passage, the price of West Texas Intermediate crude oil looks set to receive strong support above $80 per barrel, and is still likely to return to above $100." WTI rose 4.1% to $94.02 per barrel, while the most actively traded Brent crude oil rose 4.1% to $101.22 per barrel.