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Your email address will not be published.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

Saudi Arabia’s National Commercial Bank to Buy Samba

RIYADH, Oct 12 (Xinhua/APP): Saudi Arabia’s biggest lender National Commercial Bank said…

Govt hikes petrol, diesel prices by Rs 35 per litre

Finance Minister Ishaq Dar on Sunday announced that the federal government has…

Asim Bajwa steps down as CM of CPEC authority

Lt Gen (retd) Asim Saleem Bajwa resigned as chairman of the China-Pakistan…

Money in failed US bank is safe: Government

People and businesses who have money deposited with failed US bank Silicon…