Global Oil Prices Rise Amidst Middle East Tensions and Easing US-Iran Concerns

Global oil prices increased on November 11, recovering from previous declines. Brent crude futures rose by 0.44% to $92.44 per barrel, while WTI crude saw a 0.78% increase to $86.68 per barrel. Conversely, Russian Urals crude prices fell by 0.51% to $74.60 per barrel. The price surge is attributed to concerns over attacks on ships in the Strait of Hormuz and easing tensions between the US and Iran.

Read the full article at Egemen Qazaqstan →

Headline and summary written by daryo. The full report belongs to Egemen Qazaqstan.