Oil Hits $90
April 4th, 2024Via: Bloomberg:
Oil extended advances on escalating tensions in the Middle East after blowing past the $90-a-barrel threshold in the previous session.
Global benchmark Brent rose to above $91, near its highest since October, while West Texas Intermediate was at around $87. Israel has increased preparations for potential retaliation by Tehran after Monday’s strike on an Iranian diplomatic compound in Syria, stoking fears of a wider regional conflict.