A notable rally was witnessed in the domain of oil futures on Monday, the footing of the rise being Saudi Arabia s decision to increase the crude prices for numerous regions for June. Concurrently, a slim chance of resolving the Gaza conflict weighed heavily on the market, instigating escalating concerns of the Israel-Hamas confrontation potentially sprawling across the critical oil-rich region. As of 1055 GMT, Brent crude futures had advanced by 77 cents, equating to a 0.9% rise, leaving them standing at $83.73 per barrel. Similarly, crude futures for U.S. West Texas Intermediate, experienced an ascent settling at $78.98 a barrel,
The post Oil Futures Ascend amid Mounting Gaza Strife and Saudi Price Hike appeared first on House of Saud.
Sunday 12 October 2025
Houseofsaud - 1 years ago
Oil Futures Ascend amid Mounting Gaza Strife and Saudi Price Hike
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