Oil Prices Rebound as Middle East Supply Risks Persist
Brent rose 1.2% to $92.55 a barrel Wednesday, recovering above $92 after a sharp selloff. Renewed strikes tempered expectations of a diplomatic resolution to the U.S.-Iran conflict.
By Farhan RafidOil prices rose Wednesday, with Brent crude recovering above $92 a barrel after a sharp selloff, as renewed strikes in the region tempered expectations of a diplomatic resolution to the U.S.-Iran conflict.Front-month Brent crude, the global oil benchmark, rose 1.2% to $92.55 a barrel…