Oil up for 3rd day as US launches fresh strikes on Iran
Oil prices climbed on Thursday, extending gains for a third day in a row, after the United States carried out fresh strikes on Iran, weakening hopes of a resolution to the Iran war and delaying expectations of a full reopening of the Strait of Hormuz, through which one-fifth of pre-war global oil supplies typically pass.
Crude oil price on July 9
Brent crude futures gained 78 cents, or 1%, to $78.8 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose 74 cents, or 1.01%, to $74.26 a barrel. On Wednesday, the two benchmarks had settled at their highest levels in more than two weeks after U.S. President Donald Trump warned of additional strikes on Iran as early as Wednesday night.
Crude oil price on July 9
Brent crude futures gained 78 cents, or 1%, to $78.8 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose 74 cents, or 1.01%, to $74.26 a barrel. On Wednesday, the two benchmarks had settled at their highest levels in more than two weeks after U.S. President Donald Trump warned of additional strikes on Iran as early as Wednesday night.
Next Story