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Oil slipped on Thursday as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014.
However, and following the Saudi-led coalition responding through retaliatory airstrikes on Sanaa, oil prices have surged. It is thought prices are on the rise as a result of grow ...
Brent crude futures fell 17 cents, or 0.2%, to $88.27 a barrel, as of 0418 GMT, having dropped more than $1 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures were up 7 cents, or ...
Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152 GMT. The global benchmark touched $89.13 a barrel in the last session, its highest since October 2014.
Brent oil surged to the highest level in seven years as robust demand and strained supplies make physical markets run hot in the world’s largest consuming region.