Oil climbs over $1 a barrel as expert warns of ‘day of reckoning’

Oil climbs over $1 a barrel as expert warns of ‘day of reckoning’ Crude oil futures climbed over $1 a barrel on tanker attacks and a lack of progress on a peace agreement between the US and Iran. Reuters reported that Brent futures settled at $88.52 a barrel, up $1.45, or 1.67percent. US West Texas Intermediate crude futures finished at $82.40, up $1.15, or 1.42 percent. Brent and WTI were on track for weekly gains of 6.0 percent and 5.4 percent, respectively. "We're getting a rally going…