World

Oil Up on Middle East Supply Worries, Higher US Stocks Curb Gains

June 27, 2024, 10.34 PM | Source: Reuters

ILUSTRASI. A pump jack drills oil crude from the Yates Oilfield in West Texas's Permian Basin, as a 1.5MW GE wind turbine from the Desert Sky Wind Farm is seen in the distance, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan

OIL PRICE - HOUSTON - Oil prices rose on Thursday as war in the Middle East kept stoking supply concerns, while an unexpected uptick in U.S. crude and gasoline capped price gains.

Brent crude oil futures were up 92 cents, or 1.08%, to $86.17 a barrel by 09:46 a.m. EDT (1446 GMT). U.S. West Texas Intermediate crude futures rose 86 cents, or 1.06%, to $81.76.

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