Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region. Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.

 

Leave a Reply

Your email address will not be published.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

You May Also Like

PIA’s airport services to be suspended: CAA

On Wednesday, Civil Aviation Authority(CAA) has announced that it would no longer…

Pakistan not ‘pursuing or receiving’ discounted Russian oil: FM Bilawal

New York: Foreign Minister Bilawal Bhutto Zardari said on Thursday that Pakistan…

PKR loses Rs2.01 in interbank market

The rupee began the week under pressure on Monday, losing Rs2.01 against…

Rupee continues to rise against US dollar

Karachi: It was reported on Monday that the Pakistani rupee continued to…