Global oil prices climb amid US-Iran tensions

Global oil prices rose today, Friday, after experiencing sharp declines in the previous session, amid ongoing tensions in the Middle East and increasing concerns over falling inventories. Brent crude increased by 0.35% to reach $95.36 per barrel, while West Texas Intermediate (WTI) oil slightly rose to $93.06. This comes after the suspension of oil loading at the Al-Fahal port in Oman following an explosion suspected to be a drone attack, as markets face the risk of rising prices due to impaired global supplies.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article