17 Hrs
Source:
وكالة الأنباء القطرية
Oil prices steady amid Strait of Hormuz concerns
Oil prices rose modestly at the start of today’s trading, amid investors assessing expectations regarding the potential escalation of the war between the United States and Iran and security in the Strait of Hormuz. Brent crude futures increased by 0.3% to reach $91.87 per barrel, while U.S. West Texas Intermediate futures dipped slightly by 0.02% to $85.81 per barrel. The October contract for U.S. crude rose by 0.2% to $84.53. Both benchmark grades had advanced for the fourth consecutive session yesterday, reaching their highest levels since July 24.
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