Oil Prices Rise as Middle East Tensions Threaten Energy Supply
11 Articles
11 Articles
Oil prices are rising markedly on Thursday after the fall the previous day.
Oil prices rose in early Asian trading today amid continued concerns about Middle East supply. Brent crude futures climbed $1.33, or 1.33 percent, to $101.53 a barrel, while U.S. West Texas Intermediate crude futures gained $1.11, or 1.26 percent, to $89.39. Prices had fallen at yesterday's settlement after the International Energy Agency agreed to accelerate the release of crude oil stockpiles and prioritize diesel supplies.
At 1008 GMT, Brent's futures earned $1.22, or 1.21%, at $101.80 per barrel.
Oil prices rose today, Thursday, amid continuing concerns about supplies from the major oil-producing Middle East region, as attacks on freight traffic in the Gulf and the Strait of Hormuz escalated. Brent's forward contracts rose by $1.33, or 1.33%, to $101.53 per barrel, while the futures of West Texas's American middleman increased by $1.11, or [...] oil prices rise as freight risks in the Gulf and Horms's Strait rise and are written in the S…
On Thursday, as concerns about the Middle East's supply continued, as attacks on oil tankers in the Gulf and the Strait of Hormuz escalated, oil prices continued to rise. Future contracts for Brent's ore rose $1.33 percent, to $101.53 per barrel, while West Texas's ore climbed US$ 1.11, or 1...
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
