Global Oil Prices Approach $97 per Barrel
Summary
Renewed tensions in the Strait of Hormuz have pushed Brent crude close to $97 per barrel and WTI to $92.
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World oil prices are rising once again as renewed geopolitical friction in the Strait of Hormuz raises concerns over energy supplies.
During recent trading, the benchmark Brent crude approached $97 per barrel. Meanwhile, West Texas Intermediate (WTI) crude climbed to $92 per barrel.
Uncertainty surrounding key maritime transport routes continues to add a geopolitical risk premium to global commodity markets, driving energy prices upward.
Source: Егемен Қазақстан
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