Oil prices rise as market awaits US policy steps

Oil prices rose in early trading on Wednesday during a volatile session as investors await Washington’s next move in the war on Iran after Democrats took control of the US Senate in the midterm elections.

Oil prices rise as market awaits US policy steps
0 minute

Brent crude futures gained 82 cents, or 0.8 percent, to $104.42 a barrel as of 05:10 GMT.

US West Texas Intermediate (WTI) crude went up 50 cents, or 0.5 percent, to $96.59, reversing earlier declines, Al Jazeera reported.

The gains follow the previous session, when Brent settled at its lowest level in nearly four weeks as traders weighed talks aimed at ending the wars in Ukraine and Iran.

 

Source: MNA
Related News
  • Iran’s caretake oil minister has lashed out at US Treasury secretary for making baseless claims on impending fuel shortages in Iran, telling him to instead focus on the skyrocketing energy costs burdening American citizens.

  • NOURNEWS – The US attack on Iran and Iran’s closure of the Strait of Hormuz have driven the cost of shipping oil from the US to Japan up ninefold, to $81 million for a 2-million-barrel cargo. The US and the Zionist regime’s warmongering has exposed the global economy and energy security to serious risks.

  • Oil prices are continuing their upward trajectory, with Brent crude futures gaining 93 cents, or 0.92 percent, to reach $101.51 a barrel as of 00:22 GMT.

Send Comment