Oil prices rose over $1 on Friday as U.S. Secretary of State Antony Blinken prepared to visit the Middle East in an attempt to contain flaring regional tensions as the Israel-Hamas conflict rages. Brent crude futures were up $1.34, or 1.7%, at $78.93 a barrel, while U.S. West Texas Intermediate crude futures rose $1.62, or 2.2%, to $72.81 by 1407 GMT.

 

Leave a Reply

Your email address will not be published.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

You May Also Like

Oil rises as Russia cuts output after Western price cap

Oil contracts rebounded on Friday after Russia announced it would slash its…

Centre can’t fix the sugar prices: LHC

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

Silicone Valley Bank collapses after failing to raise capital

Silicon Valley Bank collapsed on Friday morning after a stunning 48 hours…

Chinese Smartphone Maker Vivo to Enter Six European Markets

GUANGZHOU, Oct 22 (Xinhua/APP): Chinese smartphone manufacturer Vivo has announced to launch…