Published 07/02/2024 11:48:00 a.m.

Oil rises to two-month high on summer demand outlook and supply fears

U.S. Crude oil prices reached $84 per barrel due to concerns of potential supply disruptions from a potential war between Israel and Hezbollah and an active hurricane season in the Gulf of Mexico.
Traders are concerned about the impact of an early hurricane season on refineries and oil production along the U.S. Gulf Coast, with fears heightened after Hurricane Beryl reached Category 5 status.
Gasoline prices rose to an average of $3.50 per gallon, with slight increases from the previous week but still lower than last month, ahead of the Fourth of July holiday.

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Reuters

Oil rises to two-month high on summer demand outlook and supply fears

Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl.

07/02/2024 11:48:00 a.m.·United Kingdom

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Hindustan Times

Oil prices near two-month high on Middle East, Hurricane Beryl concerns

Brent crude futures rose 51 cents, or 0.59%, to $87.11 a barrel by 0845 GMT. US West Texas Intermediate (WTI) crude was up 51 cents, or 0.61%, at $83.89.

07/02/2024 9:51:41 a.m.·New Delhi, India

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Channel News Asia

Oil holds near two-month high on summer demand outlook and supply fears

BENGALURU :Oil prices were little changed on Tuesday, trading near two-month highs reached in the previous session on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl.Brent crude futures rose 51 cents, or 0.59 per cent, to $87.11 a barrel by 0

07/02/2024 9:09:33 a.m.·Singapore

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CNBC

U.S. crude oil pulls back from two-month high as traders assess Israel-Hezbollah, Hurricane Beryl risks

Gasoline prices have hit an average of $3.50 per gallon ahead of the Fourth of July holiday.

07/02/2024 12:47:14 p.m.·United States

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RTÉ

Oil rises on summer demand outlook and supply fears

Oil prices climbed nearly 1% today, extending gains to two-month highs on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl.

07/02/2024 2:06:13 p.m.·Ireland

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