Brent crude has risen again to the $70 per barrel mark, hitting a six-and-a-half month high and catching markets off guard. The rally comes despite earlier concerns about a supply glut, as escalating geopolitical tensions have injected a new “war premium” into global oil prices.Australia-Trading.com CEO Peter McGuire says the sharp recovery has surprised many […]
Oil prices rose for a third day on Thursday on growing concerns that the US could launch a military attack on key Middle Eastern producer Iran, disrupting supplies from the region. Brent crude futures rose 50 cents, or 0.73%, to $68.9 a barrel by 0216 GMT, but U.S. West Texas Intermediate crude rose 58 cents, […]