Crude has gained momentum as American stockpiles drop and Middle East tensions show signs of easing
Oil prices continued to rise on Thursday as investors reacted to the geopolitical tensions in the Middle East and official US oil inventory data.
Global benchmark Brent crude futures rose 0.2% to $67 per barrel, while US West Texas Intermediate crude gained 0.3% to $65.
Both benchmarks climbed nearly 1% on Wednesday, recovering from early-week losses after data showed resilient US demand. Brent crude settled around $68 per barrel, while West Texas Intermediate traded above $65. Prices had climbed earlier in the week amid concerns over potential…
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