NowPakistan.com
BusinessnewsWorld

Oil jumps 3% to 2-month high

NEW YORK: Oil prices rose about three per cent to a two-month high on Thursday on signs of tight supply ahead of US summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia over its invasion of Ukraine.

Brent futures for July delivery rose $3.21, or 2.8pc, to $117.24 a barrel by 11:15 a.m. EDT (1515 GMT). US West Texas Intermediate (WTI) crude rose $3.98, or 3.6pc, to $114.31.

Brent was up for the sixth straight day in a row and on track for its highest close since March 25. WTI was headed for its highest close since March 23.

also read..

Gwadar fisherman catches rare sowa fish used to make surgical items

News Editor

Bankrupt Sri Lanka rations fuel as crisis worsens

News Editor

Human rights advocates worried by Turkey’s new social media law

News Editor

State Department orders diplomats’ families to leave US embassy in Ukraine

News Editor

US warns China over interference with US media in Hong Kong

News Editor

Curb begging on priority: SSP

News Editor