Summary
- Brent crude futures climbed 1.93 dollars, or 2 per cent, to reach 96 dollars per barrel, marking its highest level since 8 June.
- This follows a previous trading session where Brent closed up by more than 3 dollars at 94.07 dollars per barrel.
- Concurrently, US West Texas Intermediate (WTI) crude rose by 1.44 dollars, or 1.7 per cent, to trade at 88.27 dollars per barrel, extending gains after a nearly 3 per cent increase on Wednesday.
Global crude oil prices have surged following a new wave of US military strikes on Iran and reported attacks on oil tankers in the Red Sea by Yemen’s Houthi forces.
Brent crude futures climbed 1.93 dollars, or 2 per cent, to reach 96 dollars per barrel, marking its highest level since 8 June. This follows a previous trading session where Brent closed up by more than 3 dollars at 94.07 dollars per barrel.
Concurrently, US West Texas Intermediate (WTI) crude rose by 1.44 dollars, or 1.7 per cent, to trade at 88.27 dollars per barrel, extending gains after a nearly 3 per cent increase on Wednesday.
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