Oil prices rose over $1 on Friday as U.S. Secretary of State Antony Blinken prepared to visit the Middle East in an attempt to contain flaring regional tensions as the Israel-Hamas conflict rages. Brent crude futures were up $1.34, or 1.7%, at $78.93 a barrel, while U.S. West Texas Intermediate crude futures rose $1.62, or 2.2%, to $72.81 by 1407 GMT.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan signs free trade deal with GCC

Pakistan and Gulf Cooperation Council (GCC) “initialized” a free trade agreement, the…

Govt fails to achieve economic targets for FY22-23

Despite imposing additional taxes and cutting power subsidies to the industries, Pakistan…

Asian markets rise on Alibaba boost

Asian stocks have been broadly up to buck losses on Wall Street,…

Foreign Reserves fall to the lowest since 2014

The State Bank of Pakistan’s (SBP) foreign currency reserves dropped to the…