Market News
Oil prices dip as investors assess trajectory of US-Iran tensions - REUTERS
Summary
- Brent and WTI benchmarks up more than 1>#/li###
- Prices buoyed by concern over potential U.S.-Iran conflict
- US crude and fuel inventories fell last week, sources said
LONDON, Feb 19 (Reuters) - Oil prices rose on Thursday, driven by increasing concerns over potential military conflict between the United States and Iran as both countries stepped up military activity in the oil-producing region.
Brent futures were up 91 cents, or 1.3%, at $71.26 a barrel by 1058 GMT while U.S. West Texas Intermediate (WTI) crude gained 90 cents, or 1.4%, to $66.09.




