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Your email address will not be published.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

Petrol prices increased, but prices of commodities decreased: Fawad Chaudhary

On Wednesday, Information Minister Fawad Chaudhry stated that despite the hike in…

Pakistan buys second LNG cargo from Azerbaijan

Pakistan on Wednesday announced the successful procurement of a second LNG cargo…

Facing difficulties exporting grain, says Russia

On June 1, Russian Foreign Minister Sergei Lavrov said that Moscow was…