Oil prices rise as hostilities worsen in West Asia

🇮🇳 The Hindu (IN) —

AI Summary

Oil prices rose sharply amid worsening hostilities in West Asia, with Brent crude up 1.2% to $85.72 a barrel and West Texas Intermediate gaining 0.8% to $79.98. The escalation of regional conflicts has heightened supply concerns impacting global oil markets.

Brent futures climbed 99 cents, or 1.2%, ​to $85.72 a barrel. West Texas Intermediate ⁠futures gained 64 cents, or 0.8%, to $79.98 a barrel

World Conflict Politics Markets Commodities Energy oil prices Brent West Texas Intermediate West Asia hostilities conflict

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