Oil prices held firm near six-month highs as it extended gains on Thursday. The prices continued to climb following a 1 dollar increase per barrel in the previous session, as investors anticipated a deepening of the Middle East crisis, which could involve Iran, the third-largest oil producer in OPEC.
Brent oil crude futures saw a modest rise of 27 cents or 0.3% to reach 90.75 dollars a barrel.
Tensions in the Middle East escalated as the region braced for possible retaliation from Iran following a suspected Israeli airstrike on Iran's embassy in Syria.
Meanwhile, negotiations between Israel and Hamas, amidst their ongoing Gaza conflict, have yet to yield any agreement.