Oil prices rise amid concerns over supply disruptions
Oil prices continued their upward trend today, extending gains for the eighth consecutive session, amid reports of supply disruptions in the Middle East, one of the world’s key oil-producing regions.
Brent crude futures for June delivery rose by 52 cents, or 0.47%, reaching $111.78 per barrel.
Meanwhile, U.S. West Texas Intermediate (WTI) crude futures for June delivery increased by 57 cents, or 0.57%, to $100.50 per barrel, following a strong 3.7% gain in the previous session.
Related news
Agentic AI transforms customs operations from traditional execution into an intelligent system that makes decisions and proactively responds to risks.
Geopolitical tensions and the closure of the Strait of Hormuz continue to pressure the gas market and push prices higher.
