Oil Rises on Middle East Supply Fears and US Inventory Drawdowns
Oil prices gained over $1 on Wednesday as escalating Middle East tensions raised supply-disruption fears and falling US crude and product inventories supported the market. Brent rose $1.59, or 1.5%, to $110.38 per barrel as of 03…
Oil prices rose by more than $1 on Wednesday as escalating Middle East tensions heightened concerns about supply disruptions. Declining US crude and product inventories also supported the market. Brent crude futures ICEEUR:BRN1! were up $1.59, or 1.5%, at $110.38 per barrel as of 03…