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Monday, November 25, 2024

Oil rises amid fears of supply disruption

Oil rises amid fears of supply disruption

Market update

Crude futures rose Brent 13 cents, or 0.2 percent, to $75.30 a barrel, by 0115 GMT. West Texas Intermediate crude futures increased 14 cents, or 0.2 percent, to $71.38 per barrel.

The two crude oil prices achieved their largest weekly gains since the end of September and reached the highest settlement level since November 7, after Russia launched a hypersonic missile at… Ukraine In a warning to the United States And Britainafter a strike launched by Kyiv on Russia using American and British weapons.

In addition, Iran responded to a draft resolution of the International Agency Energy On Thursday, the Atomic Energy Agency issued an order to implement measures such as operating new and advanced centrifuges used in uranium enrichment.

The Iranian Foreign Ministry said on Sunday that it would hold talks regarding its controversial nuclear program with the European Troika on November 29.



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