Oil prices rise as hopes of peace dwindle
Culture Index
Score Breakdown
Relevance
9/25
Freshness
25/25
Authority
10/20
Brand Signal
15/15
Depth
6/15
5-Axis Cultural Radar
NEW YORK: Oil prices rose more than 3 per cent on Tuesday as stark differences between the US and Iran over a proposal to end the war in the Middle East raised concerns that supply disruptions upending the global oil market are likely to be prolonged. Brent crude futures gained $3.10, or 2.97pc, to $107.31 a barrel by 2:01 p.m. ET (1801 GMT), and US West Texas Intermediate futures were up $3.56,
