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Home›Commodities›Energy›Oil prices rise on Middle East risk after strikes in I…

Oil prices rise on Middle East risk after strikes in Iraq

Reported · Written up by our desk · Energy

Oil prices rose on Wednesday as investors priced in the risk of additional fighting in the Middle East after U.S. and Saudi strikes against Iran-backed militias in Iraq, according to MarketWatch.

MarketWatch reported that West Texas Intermediate and Brent crude’s front-month contracts moved higher, reflecting growing uncertainty around regional supply.

Latest closeWTI crude $81.23 ▼1.7%|Brent $85.92 ▼2.8%

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Sources

MarketWatchOil prices rise after U.S. and Saudi Arabia attack Iran-backed militias in Iraq
MarketWatchOil prices rise after U.S. and Saudi Arabia attack Iran-backed militias in Iraq

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