Oil prices rise amid tensions in the Strait of Hormuz
after close1 source ↓written by the desknot a recommendation
- $1.45
- per barrel
- $88.52
- rising
- $1.15
- $82.40
- for Brent
- 6%
Crude oil futures surged on 15 Aug, with Brent crude up $1.45 to $88.52 per barrel, and WTI rising $1.15 to $82.40. This increase follows escalating tensions in the Strait of Hormuz after attacks on oil tankers, leading to weekly gains of nearly 6% for Brent and 5.4% for WTI. Traders should monitor ongoing geopolitical developments closely.
Not investment advice. For informational purposes only.