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This comes after the first trading session of the new year sent Wall Street to new records. Oil soared on the news. Brent crude, used to price international oils, was up 4.6 percent or $3.06 at $69.31 ...
About 20% of oil traded worldwide goes through the Strait of Hormuz, where the shipping lane is only 3 kilometers (2 miles) wide and tankers have come under attack this year. The international ...
Washington blames Iran for attacks on tankers and a September assault on Saudi Arabia’s oil industry that temporarily cut its production by half. Brent crude, used to price international oils, was ...
raising concerns that escalating Middle East tensions may disrupt oil supplies. Brent crude futures LCOc1 were at $67.48 a barrel, up $1.23, or 1.86%, by 0202 GMT, and West Texas Intermediate (WTI) ...
India's benchmark index, Sensex fell as much as 230 points as the global oil benchmark oil shot over 4 per cent to touch $70 a barrel. Besides, NYMEX crude rallied over 4 per cent on Friday to hit a ...