Oil rises further as Middle East tensions push Brent above US$90
Crude is surging amid conflict in the Middle East and attacks on Russian energy infrastructure by Ukraine. Read more at straitstimes.com.
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Crude is surging amid conflict in the Middle East and attacks on Russian energy infrastructure by Ukraine. Read more at straitstimes.com.
Brent futures for June rose above $91 a barrel before settling up $1.30, or 1.5%, to $90.65. U.S. West Texas Intermediate (WTI) futures for May settled up $1.16, or 1.4% to $86.59 a barrel.
Brent futures for June fell by 43 cents, or 0.5%, to $88.92 a barrel by 12:15 p.m. EDT. Investors are analysing macroeconomic data and monetary policy for potential clues on the outlook for oil demand.
Oil prices extended gains on Thursday, settling up more than $1 as geopolitical tensions and output cuts outweighed caution about U.S. Federal Reserve rate cuts. Brent futures for June... -April 04, 2024 at 06:15 pm EDT - MarketScreener