Oil prices extend gain for fourth day, stay beyond $85 amid Middle East chaos
- Crude oil prices continued to inch higher for the fourth day straight, staying beyond the $85 per barrel mark, on Thursday.
- The hike comes as investors react to a fresh escalation in the conflict between the United States and Iran, with concerns mounting over the security of major global energy shipping routes.
- Around 7 am IST, Brent crude was trading at $85.48 a barrel by 0026 GMT, up 0.53%, while US West Texas Intermediate (WTI) crude rose 0.84%, to $80.27 a barrel.
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- Crude oil prices continued to inch higher for the fourth day straight, staying beyond the $85 per barrel mark, on Thursday.
- The hike comes as investors react to a fresh escalation in the conflict between the United States and Iran, with concerns mounting over the security of major global energy shipping routes.
- Around 7 am IST, Brent crude was trading at $85.48 a barrel by 0026 GMT, up 0.53%, while US West Texas Intermediate (WTI) crude rose 0.84%, to $80.27 a barrel.
Sources: Times of India