Oil rises on risk of broadening Middle East conflict

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Home Business Oil rises on risk of broadening Middle East conflict 01-08-2024 10:02 AM Ammon News - Oil prices rose during Asian trade on Thursday, extending gains from the previous session, after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and concern over its impact on oil. Global benchmark Brent crude futures rose 71 cents, or 0.9%, to $81.55 a barrel by 0605 GMT, while U.S. West Texas Intermediate crude futures gained 76 cents, or 1%, to $78.67 a barrel. The most active contracts on both benchmarks jumped about 4% in the previous session. Reuters

Home Business

Oil rises on risk of broadening Middle East conflict

01-08-2024 10:02 AM

Ammon News - Oil prices rose during Asian trade on Thursday, extending gains from the previous session, after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and concern over its impact on oil.

Global benchmark Brent crude futures rose 71 cents, or 0.9%, to $81.55 a barrel by 0605 GMT, while U.S. West Texas Intermediate crude futures gained 76 cents, or 1%, to $78.67 a barrel.

The most active contracts on both benchmarks jumped about 4% in the previous session.

Reuters

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