Tag: three-week high

  • Oil hits three-week high on uncertainty over Hormuz

    Oil hits three-week high on uncertainty over Hormuz

    Aug 19 : Oil prices hit a three-week high on Wednesday as uncertainty over shipping through the Strait of Hormuz and ongoing supply disruptions supported the market.Brent crude futures climbed 45 cents, or 0.49 per cent, to $91.47 by 0754 GMT, while U.S. West Texas Intermediate crude futures were up 45 cents,

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  • Oil prices at near three-week high as US-Iran peace hopes fade

    Oil prices at near three-week high as US-Iran peace hopes fade

    LONDON, Aug 18 : Oil prices rose for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about prolonged energy supply disruptions.Brent crude futu

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