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Oil Prices Set for Weekly Gain as Hormuz Tensions Escalate

Crude oil prices were on course for a weekly gain today as hostilities between the United States and Iran flared up again earlier in the week.

Source OilPrice AI Summary Updated 2h 49m ago

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Crude oil prices were on course for a weekly gain today as hostilities between the United States and Iran flared up again earlier in the week. At the time of writing, Brent crude was trading at $76.60 per barrel, with West Texas Intermediate at $72.37 per barrel. The increase was quite modest compared to the price slide from the last four weeks, which broug…

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