Oil Rises 4% on Revived Middle East Worries, Hurricane Isaias Supply Disruption
4 Articles
4 Articles
Oil Prices Rise 4% as Middle East War, Hurricane Disrupt Supply
By Adedapo Adesanya Oil prices settled 4 per cent higher on Thursday on renewed concerns about the ongoing war in the Middle East and growing supply disruptions due to a hurricane approaching the US Gulf Coast. Brent crude futures soared by $4.08 or 4.1 per cent to $104.28 per barrel, while US West Texas Intermediate […]
West Texas Intermediate and Brent crude oil prices rose due to renewed supply risks in the Middle East and supply disruptions from Hurricane Isaias. The oil price analysis unit of Thai Oil Public Company Limited stated that the factors affecting prices are as follows: Crude oil prices… (Read original news: Crude oil prices rise due to renewed supply risks in the Middle East)
In the Gulf of Mexico, Hurricane Isaiah affected oil extraction, forcing companies to close platforms, causing supply disruption.
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