Oil prices climb after US-Iran strikes
Global oil prices rose slightly by 1% amidst volatile fluctuations, due to escalating military strikes between the United States and Iran. This increased concerns over a potential decline in oil supply flows from the Middle East. Brent crude reached its highest level since July 24 at $95.63 per barrel, while West Texas Intermediate also increased to $91.01, with prices fluctuating between gains and losses during trading. Market support was also fueled by a 4.5 million barrel drop in U.S. oil inventories and growing fears of energy supply disruptions, especially following Russian attacks on Ukrainian facilities, which further put pressure on the global oil market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)