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Latest Oil Market News and Analysis for Oct. 14

Key Points

Oil Rises as Middle East Attacks Increase Uncertainty Over Flows Oil rose as a flare-up in attacks in the Middle East increased uncertainty over a recovery in energy flows from the Persian Gulf. West Texas Intermediate advanced toward $95 a barrel, after edging higher in the previous session, while Brent declined to close below $106. The US said it assisted in shipping more than 19 million barrels of crude through the Strait of Hormuz, even as an escalation of Iranian attacks on tankers in...

Oil Rises as Middle East Attacks Increase Uncertainty Over Flows Oil rose as a flare-up in attacks in the Middle East increased uncertainty over a recovery in energy flows from the Persian Gulf. West Texas Intermediate advanced toward $95 a barrel, after edging higher in the previous session, while Brent declined to close below $106. The US said it assisted in shipping more than 19 million barrels of crude through the Strait of Hormuz, even as an escalation of Iranian attacks on tankers in the waterway threatens the recent rebound in Gulf supply to near prewar levels.
Latest Oil Market News (ORG) the Middle East (LOCATION) the Persian Gulf (LOCATION) Brent (PERSON) US (LOCATION) the Strait of Hormuz (LOCATION) Iranian (ORG) Gulf (LOCATION)
Originally published by Bloomberg Markets Read original →