Oil Prices Rise as Markets Gain on US-Iran Developments
By Mardiyyah Abubakar Oil prices rose on Tuesday after a sharp decline, while most global stock markets recorded gains as investors monitored developments in US-Iran relations and renewed optimism on Wall Street. Crude prices briefly gained about one per cent after falling five per cent on Monday. Traders reacted to hopes that the United States […]
Brent Climbs Above $94 as US-Iran Conflict Escalates
By Oluwakemi Kindness Oil prices rose more than three per cent on Monday after the United States and Iran exchanged fresh strikes while negotiations to end the more-than-three-month-old Middle East war continued. Brent crude, the benchmark for two-thirds of the world’s oil, climbed 3.33 per cent to $94.15 a barrel by 12:04pm UAE time. West […]