Oil prices rise as investors weigh Middle East peace prospects
Key takeaways
- Add ARY News on Google AAResize TOKYO: Oil prices rose over $1 on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding.
- Brent crude futures were up 78 cents, or 0.8%, at $102.05 a barrel at 0400 GMT.
- Both benchmarks slumped more than 7% on Wednesday, hitting two-week lows on optimism over a possible end to the Middle East war. They pared losses, however, after U.S.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize TOKYO: Oil prices rose over $1 on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding.
Brent crude futures were up 78 cents, or 0.8%, at $102.05 a barrel at 0400 GMT. U.S. West Texas Intermediate gained 76 cents, or 0.8%, to $95.84 a barrel.
Both benchmarks slumped more than 7% on Wednesday, hitting two-week lows on optimism over a possible end to the Middle East war. They pared losses, however, after U.S. President Donald Trump said it was “too soon” for face-to-face talks with Tehran and a senior Iranian lawmaker said the U.S. proposal was more of a wish list than a reality.