Oil prices surge over 1% due to rising Middle East tensions
Oil prices climbed more than 1% on Monday as escalating tensions in the Middle East heightened concerns about potential supply disruptions.
According to Reuters, Brent crude futures rose to approximately $90.61 per barrel, while U.S. West Texas Intermediate (WTI) crude reached around $87.56 per barrel.
The increase in prices is attributed to fears surrounding conflicts in the region, particularly involving Israel and Iran.
Market analysts suggest that these geopolitical issues could lead to significant impacts on global oil supply, prompting traders to react accordingly.
Read more
As the situation develops, investors are closely watching for any signs that could influence further price fluctuations, balancing concerns over supply disruptions with ongoing market dynamics.
For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.
Oil prices
Middle East
gaza conflict
Geopolitical tensions
Bull run takes PSX over 83,000 points
Dollar falls slightly against Rupee in interbank market
Gold prices decrease in Pakistani market
KSE-100 index soars nearly 900 points in intraday trade at PSX
Pakistan’s exports jump 14.11% to $7.875b in Q1 of FY2024-25
