ReportedShipping, energy & marketsGlobal oil markets
Oil prices rebound after reports of U.S. strikes on Iran’s Qeshm Island
- Mountain Time
- Local time
- 5:25 AM UTC, Nov 3
- Where
- Global oil markets
Crude prices rose on Tuesday after the previous day’s nearly 7% decline, as traders weighed reports of U.S. strikes on Iran’s Qeshm Island. OilPrice.com reported Brent trading at $105.26 a barrel and West Texas Intermediate at $97.07.
Why it matters
The rebound raises crude purchasing costs after Monday’s decline as buyers reassess potential disruption to Middle Eastern supply.
Source
- OilPrice.comoilprice.comPublished
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