Brent Crude Oil Settled At $94.65 Per Barrel, Reaching Five-week High
Oil prices jumped more than $4 a barrel on Tuesday, settling at a five-week high, as traders feared more supply disruptions from the middle East due to renewed fighting between the US and Iran.
Brent futures rose $4.16, or 4.6%, to settle at $94.65 a barrel. US West Texas Intermediate (WTI) crude rose $4.46, or 5.2%, to settle at $90.22. That was the highest close for Brent since
July 24 and for WTI since
July 23.
Related Topics:
- Iran
- Oil
- Middle East
- July
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