US crude futures rise to 105.50 dollars per barrel
WTI crude rose 41 cents to 105.50 dollars per barrel as uncertainty persists over the conflict with Iran. The benchmark is on track for a fourth monthly gain.
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United States West Texas Intermediate (WTI) crude rose 41 cents or 0.43% on open to $105.50 a barrel as conflict with Iran persists. The price earlier touched a prior intraday Thursday high of $110.93, the highest level since April 7. Sustained geopolitical tension threatens to choke global oil supplies for months, driving WTI toward a fourth monthly gain.
WTI futures closed down $1.81, or 1.69%, at $105.07. Brent Crude Oil is also tracking toward its fourth consecutive month of gains. Supply concerns center on the risk of prolonged disruption to global energy flows.
