Oil prices rose on Monday, moving in step with stocks, after an Israeli jet carried out an airstrike in Syria, heightening Middle East tensions. At the end of the last session, the U.S. benchmark logged its worst weekly loss in more than a year, as concerns about supply persisted. March West Texas Intermediate crude futures CLH8, +2.26% added 75 cents, or 1.3%, to $59.95 a barrel. On Friday, the price dropped 3.2% to settle at $59.20, the first finish below $60 a barrel in 2018 and the lowest finish since Dec. 22. The weekly loss of around 9.6% was the biggest such decline since January 2016. Meanwhile, April Brent oil LCOJ8, +2.12% put on 67 cents, or 1.1%, to $63.46 a barrel. ON Friday, Brent futures dropped 3.1% to end at $62.79 a barrel, the lowest settlement since Dec. 13. Prices fell roughly 8.4% for the week, again for the biggest decline since January 2016, according to FactSet Research. The gains came as U.S. stock futures pointed to a rise on Monday, as the dollar DXY, -0.21% pulled back. Traders were assessing rising geopolitical tensions in the Middle East, after a military exchange between Israel and Syria. On Saturday, Israel said it intercepted an Iranian drone in its airspace, then launched jets to bomb its launch site in Syria, media reports said. But one of the Israeli jets involved in that strike was downed by Syrian fire, prompting more extensive Israeli airstrikes deep inside Syria. Reports said the airstrikes may have destroyed nearly half of Syria’s country’s air defense system.via