Oil Prices Extend Gains on Supply Worry ...Middle East

OILPRICE - Economy
Oil Prices Extend Gains on Supply Worry
source : OILPRICE ( Middle East ) () 35
Crude oil prices extended their climb that began Monday as concerns about supply security deepened. At the time of writing, Brent crude was trading at $64.85 per barrel and West Texas Intermediate was changing hands for $62.82 per barrel, after rising by about 3% on Monday, per Reuters. The benchmarks reacted to the latest escalation between Russia and Ukraine, which many seem to expect to spread to Russian oil targets, and to a report saying Iran was about to reject a U.S. proposal for a nuclear deal that would require Tehran to stop any uranium…

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