EMEA Oil Update: Crude Futures Hit 2-Week Peak After US Revokes Iran Oil Waivers Following Attacks
() -- Oil prices extended gains on Wednesday to hit its highest in nearly two-weeks after drone attacks on tankers in the Strait of Hormuz prompted US retaliatory strikes and an immediate revocation of waivers authorizing Iranian crude sales. Front-month Murban crude futures advanced more than 4% to $71.78 per barrel,