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Resurgence of Middle East Worries Push Brent, WTI Prices Up

brent crude oil

By Adedapo Adesanya The crude oil grades soared on Thursday on worries of supply disruptions in the Middle East supply as Israel stepped up airstrikes on Gaza’s Rafah. Brent crude futures gained 99 cents or 1.1 per cent to sell at $89.01 a barrel and the US West Texas Intermediate (WTI) crude futures increased by 76 cents or 0.9 per cent to $83.57 per barrel. Israel stepped up airstrikes on Rafah overnight after saying it would evacuate civilians from the southern Gazan city. The country also launched an all-out assault despite allies’ warnings this could cause mass casualties. Still, oil

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