Oil prices climb fourth day Brent surpasses $91
Oil prices have risen for the fourth consecutive time amid uncertainty regarding strait supplies, with Brent crude surpassing $91 per barrel and West Texas Intermediate increasing to $85.31. This comes amid tensions between Washington and Tehran over the opening of the strait, with Trump affirming that the strait is open, despite Iranian threats of escalation. Additionally, the potential closure of the strait, suspension of transportation by Chinese companies, and possible military actions are factors affecting the market, alongside falling U.S. oil inventories and ongoing diplomatic tensions in the region.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)