Crude Futures Rise on Persistent Supply Jitters
Oil prices rose as Middle East conflict and renewed Ukrainian targeting of Russian refineries fueled supply concerns.
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07:45:11 PM UTC
SquawkNews
By Farhan Rafid and Anthony HarrupOil prices rose Friday after Ukraine renewed attacks on Russian refineries, adding to concerns about persistent Middle East supply risks and uncertainty over shipping through the Strait of Hormuz.Brent crude for December delivery settled up 3.7% at $109.86 a barrel…
Oil prices move higher after a sluggish start, with the Middle East conflict and Ukraine’s renewed targeting of Russian refineries adding to concerns about supply. XS.com senior… says the security of energy transportation in the Middle East remains the main source of international uncertainty.