Oil prices rise on persistent Strait of Hormuz shipping risks
Brent crude futures rose 1.7% to $102.07 a barrel as Strait of Hormuz shipping risks kept Middle East supply concerns in focus, with investors awaiting signs of diplomatic progress over Iran.
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07:01:58 AM UTC
SquawkNews
Oil prices climb more than 1.5% after four consecutive sessions of losses, with investors turning their attention to the prospect of U.S.-Iran diplomatic talks on the sidelines of the U.N. General Assembly. In early European trading, Brent crude rises 1.6% to $101.97 a barrel, while West Texas Inte…
N. General Assembly. 97 a barrel, while West Texas Intermediate also moves higher.