Energy & Resources
Oil prices rise more than 3% on Middle East concerns
Crude oil prices rose more than 3 percent on Thursday amid fresh concerns about the Middle East.
Global benchmark Brent rose 3.6 percent to $103.80 per barrel, while West Texas Intermediate was up 3.4 percent at $91.27. The increase raised concerns about another rise in inflation.
Uncertainty notes
The specific market-moving report behind the fresh Middle East concerns was not identified by name in the supplied information.
Source
AFP news report published on .