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Your email address will not be published.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

Germany eyes investment opportunities in Karachi

Consul General of Germany Dr Rudiger Lotz called on the Mayor Karachi…

Pakistan receives $500mn financing from Chinese bank

Pakistan has received $500 million from the Industrial and Commercial Bank of…

SBP foreign reserves decline

Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell…

Apple stock plunges $108B after underwhelming iPhone 17 launch

Apple Inc. lost a staggering $108 billion in market value in a…