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Your email address will not be published.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

Pandemic to Cut Thousands of Banking Jobs in Frankfurt: study

Frankfurt am Main, Oct 21 (AFP/APP): Frankfurt’s banking sector is set to…

‘Illicit flow of money should be ended’: PM Imran Khan

Addressing the 15th UN Conference on Trade and Development through a video…

Qatar to supply LNG to China for 27 years under world’s ‘longest’ gas deal

QatarEnergy has announced a 27-year natural gas supply deal with China, calling…

US Dollar dips as 10-year yields back away from highs

The US Dollar (USD) fell against the euro and yen on Thursday…