Oil prices rise amid Hormuz tensions and OPEC+ adjustments
after close1 source ↓written by the desknot a recommendation
- rising
- 1.1%
- a barrel
- $72.77
- $69.30
Oil prices increased on Tuesday, with Brent crude rising 1.1% to $72.77 a barrel and WTI also up 1.1% to $69.30. Renewed strikes in the Strait of Hormuz have raised concerns over shipping disruptions, overshadowing recent Saudi price cuts and an OPEC+ supply boost. Traders are closely monitoring potential U.S. retaliation against Iran following missile attacks on commercial vessels.
Not investment advice. For informational purposes only.