Oil Prices Recover Amid Ongoing Uncertainty
Category: General
Oil prices rebounded on Tuesday, partially recuperating from the losses experienced the day before. The increase in prices was driven by concerns that the situation in the oil-exporting region could potentially lead to a more extensive conflict, which may result in disruptions to the oil supply.
Brent crude futures saw a gain of 57 cents, equivalent to a 0.6% rise, reaching $90.40 per barrel as of 03:21 GMT. Simultaneously, U.S. West Texas Intermediate crude futures went up by 54 cents, or 0.6%, to reach $86.03 per barrel, as reported by Reuters.
24 Oct, 2023
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