Oil Rises Over 2%; Brent Tops $90 Per Barrel
(UrduPoint / Pakistan Point News / WAM - 31st Aug, 2026)
Singapore, 31st August, 2026 (WAM): Oil prices experienced a sharp rise, increasing by over 2% in early trading on Monday.
Brent crude futures surged $2.22, reaching a new high of $90.32 per barrel, while US West Texas Intermediate (WTI) crude traded at $85.41 per barrel, up $2.01.
This price increase is attributed to persistent concerns regarding Middle East supply disruptions and the uncertainty surrounding crude flows through the Strait of Hormuz.
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