Brent and WTI oil prices are rising as investors assess risks of conflict escalation in the Middle East.
AI will summarize what happened, why it matters and what it means for business.
Oil prices are rising amid continued uncertainty over the prospects for resolving the conflict in the Middle East.
October futures for Brent on the London ICE Futures exchange are up $0.61 (0.7%) to $87.68 per barrel. September futures for WTI on the New York Mercantile Exchange (NYMEX) have risen by $0.29 (0.36%) to $81.54 per barrel.
Since the start of this week, prices have risen by about 4%.
oil prices rose by about 4%
Brent and WTI oil prices rose amid uncertainty in the Middle East.
Prices are expected to depend on the development of the situation in the Middle East.
Why crude has several prices, what an Azeri Light premium or discount means and which numbers matter for Azerbaijan.
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