World News
Latest Oil Market News and Analysis for July 31
Key Points
Oil Heads for Monthly Surge of 21% as US-Iran War Strains Supply Oil steadied at the end of a volatile week, with prices on track for the biggest monthly gain since March as the US-Iran war escalated. West Texas Intermediate held near $84 a barrel after swinging in a range of more than $8 this week. For the month, the US crude marker has soared by about a fifth.
Oil Heads for Monthly Surge of 21% as US-Iran War Strains Supply
Oil steadied at the end of a volatile week, with prices on track for the biggest monthly gain since March as the US-Iran war escalated.
West Texas Intermediate held near $84 a barrel after swinging in a range of more than $8 this week. For the month, the US crude marker has soared by about a fifth. Brent settled around $89 a barrel in the previous session.