_1777352244987_250242181.png&w=64&q=75){kind=small}
Oil prices climb Thursday morning
Oil prices rose today, Thursday, due to ongoing concerns over supplies from the Middle East, amid increasing attacks on oil tankers in the Gulf and the Strait of Hormuz, through which about 20% of the world's oil passes. Brent crude futures climbed to $101.53 per barrel, up by $1.33, while West Texas Intermediate futures increased to $89.39. Despite a decline in prices yesterday following the International Energy Agency's move to accelerate stocks releases, the overall increase in threats and attacks supported prices, especially as U.S. oil inventories fell more than expected.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)