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🇹🇼 Taiwan /Economy & Trade

Investors weigh Middle East and Russia-Ukraine tensions as oil prices diverge

From Liberty Times · () Chinese

Translated from Chinese and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency Ongoing story
  • Brent crude fell 11 cents, or 0.12%, to $95.52 a barrel, while West Texas Intermediate rose 29 cents, or 0.32%, to $91.30.
  • Prices drew support from concerns that US and Israeli actions involving Iran could disrupt Middle East oil supplies.
  • Signals that Russia remained open to peace talks weighed on prices, and both benchmarks briefly reached six-week highs.

International oil prices moved in different directions as investors assessed tensions in the Middle East and the Russia-Ukraine war.

Brent crude futures fell 11 cents, or 0.12%, to settle at $95.52 a barrel. US West Texas Intermediate futures rose 29 cents, or 0.32%, to $91.30.

Prices were supported by renewed concern that US air strikes on Iran and fresh Israeli threats against Tehran could disrupt crude supplies from the Middle East. At the same time, indications from Russia’s president that Moscow remained open to peace talks put pressure on prices. Both benchmark contracts briefly climbed to their highest levels in six weeks.

About this summary

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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