minutemirror.com.pk11 Nov

Oil prices rebound as Hormuz shipping risks persis...

Oil prices recovered on Wednesday after hitting two-month lows in the previous session, as investors weighed hopes of easing tensions in the US-Israeli war on Iran against growing concerns over security threats to shipping in the Strait of Hormuz. Brent crude futures gained $1.04, or 1.1%, to reach $92.53 per barrel at 0420 GMT, while US West Texas Intermediate (WTI) crude rose 67 cents, or 0.8%, to $86.71 per barrel. Meanwhile, a drone strike sparked a fire in the port area…

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Noor ZainabReporter, minutemirror.com.pk
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