Oil prices rise amid ongoing supply disruptions
after close1 source ↓written by the desknot a recommendation
- WTI Crude rose
- 0.58%
- per barrel
- $98.83
- Brent Crude gained
- 0.44%
- per barrel
- $105.5
Oil prices increased on Thursday as supply disruptions from the Iran conflict continue to raise concerns over tightening fuel reserves globally. WTI Crude rose 0.58% to $98.83 per barrel, while Brent Crude gained 0.44% to $105.5 per barrel. The situation remains tense as the Strait of Hormuz, a critical shipping route, nears three months of conflict.
Not investment advice. For informational purposes only.