Business News

Supply Disruption Worries Lift Brent, WTI Prices

crude oil supply disruption

By Adedapo Adesanya The two major crude oil grades, Brent and the US West Texas Intermediate (WTI), traded at their highest in six months on Wednesday as investors worried about supply disruptions from a worsening geopolitical landscape despite a jump in US crude oil inventories. While Brent gained 43 cents or 0.5 per cent to settle at $89.35 a barrel, WTI appreciated by cents or 0.3 per cent to $85.43 a barrel. Crude oil prices were up after the Energy Information Administration (EIA) reported an inventory build of 3.2 million barrels for the last week of March. The authority also