Oil rises on Middle East supply fears, US inventory drawdowns

BEIJING: Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market. Brent crude futures rose $1.61, or 1.5 percent, to $110.40 per barrel as of 09:30 a.m. Saudi time. US West Texas Intermediate ​crude gained $1.45, or 1.5 percent, to $99.27 per barrel. Prices fell in the previous trading session after Iran’s president discussed mediation efforts in ​a meeting with Pakist

  News   Oct 21, 2026   0   8  Add to Reading List
Oil rises on Middle East supply fears, US inventory drawdowns












BEIJING: Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market. Brent crude futures rose $1.61, or 1.5 percent, to $110.40 per barrel as of 09:30 a.m. Saudi time. US West Texas Intermediate ​crude gained $1.45, or 1.5 percent, to $99.27 per barrel. Prices fell in the previous trading session after Iran’s president discussed mediation efforts in ​a meeting with Pakist
Read Original   

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow