A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.

Oil prices leapt, and stocks fell on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

Helima Croft, RBC, joins 'Closing Bell Overtime' to talk the state of the crude oil market amid rising tensions in the Middle East.

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

Oil prices are leaping, and stocks are weakening Friday on worries that Israel’s attack on Iranian nuclear and military targets could escalate further and damage the flow of crude around the world, along with the global economy.

The crude oil markets have been very bullish on Friday, after the Israeli military had airstrikes on Iran. At this point, the oil market has slammed into a lot of resistance, and it is likely that we are going to see a bit of trouble.

U.S. crude-oil inventories fell last week by 3.6 million barrels, surpassing an expected decline of 1.6 million-barrels.

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Crude oil prices surged, Brent crude futures hit $78.50, potential rally to $82, support at $70, buy at $5,800.