India  
 
NewsR.in

Oil settles up 1% on nagging worries about Middle East

IndiaTimes Thursday, 19 October 2023
Oil prices rose on Thursday amid concerns that the conflict between Israel and Gaza could escalate into a regional conflict. Brent futures settled up 1% at $92.38 a barrel, while US West Texas Intermediate (WTI) futures settled up 1.2% at $89.37 a barrel. The potential for escalation, particularly from the Arab world, is a concern. However, gains were limited after the US issued a six-month license authorizing transactions in Venezuela's energy sector.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Israel-Gaza War| Diplomacy Eases Oil Concerns: Prices Drop Amid Middle East Tensions| Oneindia News [Video]

Israel-Gaza War| Diplomacy Eases Oil Concerns: Prices Drop Amid Middle East Tensions| Oneindia News

Oil prices fell over $1 as diplomatic efforts eased Middle East tensions. Brent crude dropped to $91.49, WTI to $87.26. Concerns of supply disruption waned as Israel paused a Gaza incursion. Aid..

Credit: Oneindia     Duration: 01:38Published
Strategic Petroleum Reserve Near Historic Lows Amid War in Middle East [Video]

Strategic Petroleum Reserve Near Historic Lows Amid War in Middle East

Strategic Petroleum Reserve Near Historic Lows , Amid War in Middle East. Strategic Petroleum Reserve Near Historic Lows , Amid War in Middle East. Fox News reports that drawdowns made to the U.S...

Credit: Wibbitz Top Stories     Duration: 01:30Published

Related news from verified sources

Oil prices jump 2% on supply worries after large US stock drawdown

 Oil prices rose by nearly $2 in early trading on Wednesday, following data showing a larger-than-expected decline in US crude stocks. Concerns over supply...
IndiaTimes

Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy

 The European Central Bank (ECB) has left interest rates unchanged for the first time in over a year amidst concerns over the Israel-Hamas war and the weakening...
IndiaTimes