avatar
· Views 318
DAILYCALL Oil prices rose in Asian trade on Friday and were headed for a positive week as persistent concerns over a worsening Middle East conflict kept a risk premium largely in play. lsrael vowed to attack lran over an early-October strike, which kept traders on edge over an escalation in the conflict that could potentially disrupt supplies from the Middle East.Focus was also on U.S. attempts to broker a ceasefire, which so far appeared to have yielded few results,Brent oil futures expiring in December rose 0.4% to $74.70 a barrel, while West Texas Intermediate Crude futures rose 0.5% to $70.55 a barrel by 21:04 ET (01:04 GMT). Oil set for weekly gains.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Reply 0

Leave Your Message Now

  • tradingContest