Commodities & currencyMoneycontrol
Oil prices rebound after brief dip below $90 amid US-Iran war uncertainty
Negative-1
GreyOak summary
Oil prices rose on Wednesday as markets reacted to ongoing attacks on shipping in the Strait of Hormuz. Brent crude futures climbed 1.17% to $92.56, while WTI crude surged above $86.72. Despite US President Trump suggesting the war in West Asia may be effectively over, concerns persist due to 37 ship attacks in October and continued naval mine threats.
What it affects
- Brent crudeNegative -1
Brent crude rose 1.17% to $92.56.Rolling sentiment Positive +21
- WTI crudeNegative 0
WTI crude surged 0.79% above $86.72.Rolling sentiment Neutral 0
