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Your email address will not be published.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

Fire breaks out in weekly market located in Islamabad

On Wednesday, a fire broke out in a weekly market in Islamabad’s…

Pakistan plans to quadruple domestic coal-fired power

Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation…

PSX closes 400 points in green amid FATF optimism

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index closed 410.60 points in…

OGDCL announces oil discovery in Sindh

The Oil & Gas Development Company Limited (OGDCL) has announced a new…