Oil Prices Rebound After Hitting Two-Month Lows; Strait of Hormuz Concerns Keep Supply Worries Alive
Summary
Oil Prices Rebound After Hitting Two-Month Lows; Strait of Hormuz Concerns Keep Supply Worries Alive Crude Price Today, November 11: Brent crude futures rise 71 cents, or 0.78 per cent, to $92.20 a barrel, while US WTI crude gains 49 cents, or 0.57 per cent, to $86.53 at 0119 GMT. Got Question about the News?
Source: Mohammad Haris; Business Desk — Read the full report
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Brent crude futures rose 71 cents to $92.20 a barrel, and US WTI crude gained 49 cents to $86.53 at 0119 GMT on Wednesday. This rebound followed a previous session where prices slipped to their lowest levels in nearly two months. The price movement occurred amid persistent attacks on shipping in the Strait of Hormuz, which offset optimism over a possible de-escalation of the Iran war.
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- Mohammad Haris; Business DeskBy Mohammad Haris; Business Desk
Oil Prices Rebound After Hitting Two-Month Lows; Strait of Hormuz Concerns Keep Supply Worries Alive Crude Price Today, November 11: Brent crude futures rise 71 cents, or 0.78 per cent, to $92.20 a barrel, while US WTI crude gains 49 cents, or 0.57 per cent, to $86.53 at 0119 GMT…
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