Oil prices rise 4pc
HOUSTON: Oil prices settled 4 percent higher on Thursday on revived concerns about the ongoing war in the Middle East and growing supply disruptions due to a hurricane approaching the US Gulf Coast. Brent crude futures closed up USD4.08, or 4.1 percent, at US...
HOUSTON: Oil prices settled 4 percent higher on Thursday on revived concerns about the ongoing war in the Middle East and growing supply disruptions due to a hurricane approaching the US Gulf Coast. Brent crude futures closed up USD4.08, or 4.1 percent, at USD104.28, while US West Texas Intermediate crude rose 3.6 percent, or USD3.21, to USD91.49. At one point both contracts were up more than USD5 a barrel, with Bre...