24 Hrs
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Sharjah24
Brent oil gains 1.67% to $88.52
Oil prices rose significantly on Friday, with Brent contracts increasing by 1.67% to reach $88.52 per barrel, and West Texas Intermediate contracts rising by 1.42% to $82.40. This comes amid mounting concerns over attacks on oil tankers and ongoing deadlock in ceasefire negotiations between the United States and Iran. It is expected that the weekly gains for both benchmarks will decline by up to 6% for Brent and 5.4% for West Texas Intermediate, reflecting the impact of the lack of progress in de-escalation efforts.
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