2024-04-19 11:51:35
(Ashraf Khan) After Israel’s retaliatory attack on Iran, crude oil prices increased, crude oil became expensive in the global market.
Crude oil prices increased by 2.20% in the global market, US crude oil rose by 2.20% to $84.50 per barrel, London Brent oil rose by 2.10% to $88.85 per barrel.
Experts say that due to the current tense situation in the Middle East, problems will increase for the oil importing countries.
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According to foreign media, Israeli missiles had targeted a place in Iran, on this retaliatory attack there were fears of disrupting the oil supply in the Middle East.
It should be noted that the price of Brent futures increased by 29 cents yesterday, on Thursday, the price of Brent futures increased by 29 cents or 0.3%, after which the new price reached the level of 87.58 dollars per barrel.
U.S. West Texas Intermediate (WTI) crude futures were up 20 cents, or 0.2 percent, at $82.89 a barrel yesterday.
Oil prices had been on a downward trend amid tensions in the Middle East, however, the streak was finally broken and the price has recorded a rise since Thursday.
2024-04-19 11:51:35