Oil extends surge after fresh U.S. attacks on Iran, inventory drop

🇺🇸 Hellenic Shipping News (US) —

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Oil prices surged as US launched fresh attacks on Iranian targets and data showed a sharp decline in US crude inventories. Brent and West Texas Intermediate crude futures rose significantly, reflecting tight market conditions and geopolitical risks.

Oil prices extended sharp gains on Thursday, reversing early losses, as investors weighed the impact of fresh U.S. strikes on Iranian targets and assessed data showing a sharp drop in U.S. crude stockpiles. As of 03:05 ET (07:05 GMT), Brent Oil Futures expiring in September climbed 2.6% to $93.10 per barrel, while West Texas Intermediate ...

Security Conflict Politics Markets Commodities Energy Shipping oil prices US attacks Iran crude stockpiles Brent Oil WTI energy market

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