Brent Oil Hovers Around $72 on Middle East Tensions
Thursday, 16 May 2019 19:47 WIB | COMMODITY |MinyakWTIBrent

Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.

Brent crude futures were up 35 cents at $72.12 a barrel by 10:25 GMT, heading for the biggest weekly rise in six weeks.

U.S. West Texas Intermediate (WTI) crude futures were up 46 cents at $62.48.

Oil was drawing support from the risk of conflict in the Middle East, with helicopters carrying U.S. staff from the U.S. embassy in Baghdad on Wednesday out of apparent concern over perceived threats from Iran.

Source : Reuters

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