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Your email address will not be published.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

Germany makes billions from debt issuance

Berlin: It emerged on December 22 that the German government earned billions…

Centre can’t fix the sugar prices: LHC

The Lahore High Court on Thursday ruled that the federal govt didn’t…

CPEC projects accelerated by Pak-China cooperation: Mao Ning

On Tuesday, Chinese foreign office spokesperson Mao Ning said that Pakistan and…

Elon Musk cuts about 80% of Twitter’s staff

Elon Musk laid off more than 6,000 people at Twitter since taking…