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Geopolitical Pressure Triggers Price Boost in Brent, WTI

Brent Price

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By Adedapo Adesanya Oil futures settled higher on Thursday on worries about global crude supply disruptions as geopolitical pressure in the Middle East and Europe mounted, as Brent crude appreciated by $1.14 or 1.34 per cent to $86.39 a barrel and the US West Texas Intermediate (WTI) crude futures gained 84 cents or 1.04 per cent to trade at $81.74 per barrel. Tensions across the border between Israel and Hezbollah in Lebanon have been growing, which have stoked worries that a conflict that spreads would include other nations, such as Iran, a significant oil producer. The French foreign ministry issued

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