Oil settles over 1% higher on mounting tension in Europe, Mideast

Economy
  • 19-06-2024, 09:38
    • +A -A

    INA-source
    Oil settled more than 1% higher on Tuesday due to escalating geopolitical risk in Europe and the Middle East, where wars continue to threaten global supply.
    Brent crude futures settled up $1.08, or 1.3%, at $85.33 per barrel. U.S. West Texas Intermediate crude futures ended $1.24, or 1.5%, higher at $81.57 a barrel.
    Global benchmark Brent has clambered back from an early-June close of $77.52, yet remains off its $90 peaks from mid-April.
    Source- reuters


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