Oil prices gained in early Asian trading on Monday as renewed tensions between the US and Iran increased concerns over possible disruptions to global energy supplies.West Texas Intermediate (WTI) crude was trading above $92 a barrel, while Brent crude rose close to $97 a barrel following another weekend of military escalation between the two countries.US strikes Iranian tankers, Iran warns of retaliationThe latest rise in oil prices followed a US military strike on three Iranian oil tankers. The Organization of the Petroleum Exporting Countries and allies (known as OPEC+) kept its output quotas unchanged for October Key points and original sources are listed below.
- Oil prices gained in early Asian trading on Monday as renewed tensions between the US and Iran increased concerns over possible disruptions to global energy supplies.West Texas Intermediate (WTI) crude was trading above $92 a barrel, while Brent crude rose clo...S1
- The Organization of the Petroleum Exporting Countries and allies (known as OPEC+) kept its output quotas unchanged for OctoberS2