Oil Hits $90

April 4th, 2024

Via: 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.

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