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Your email address will not be published.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

Abdul Hafeez Sheikh Chairs Economic Coordination Committee Meeting

19th October 2020: Adviser to the Prime Minister on Finance Dr. Abdul…

Pakistan’s economic indicators improve in FY24: IMF

The International Monetary Fund (IMF) forecast that Pakistan’s economic growth could reach…

Three mega trade events to be held in Pakistan

The Organisation of Islamic Conference (OIC) announced that the Pakistan desk of…

Pakistan considers establishing National Crypto Council

The Pakistan government is exploring the options to establish a National Crypto…