pakistan
Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns
Key takeaways
- Add ARY News on Google AAResize Oil prices rebounded on Thursday after two days of losses on outstanding supply concerns because of the uncertain outlook for an end to the Iran war and a U.S.
- Brent crude futures rose 81 cents, or 0.77%, to $105.83 a barrel by 0055 GMT, and U.S.
- Both benchmarks dropped more than 5.6% on Wednesday after U.S.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Oil prices rebounded on Thursday after two days of losses on outstanding supply concerns because of the uncertain outlook for an end to the Iran war and a U.S. inventory draw raised worries about the depletion of global stockpiles.
Brent crude futures rose 81 cents, or 0.77%, to $105.83 a barrel by 0055 GMT, and U.S. West Texas Intermediate futures were up 97 cents, or 0.99%, at $99.23.
Both benchmarks dropped more than 5.6% on Wednesday after U.S. President Donald Trump said negotiations with Iran were in the final stages, but he also threatened further attacks if it did not agree to a peace deal.
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