Oil Prices Rise as Markets Anticipate Geopolitical Developments
Beijing, May 14 (QNA) - Oil prices slightly rose on Thursday as markets await US-China talks, while traders remain focused on the crisis of the Iran war.
Brent crude futures were up 13 cents, or 0.12%, to $105.76 a barrel, while US West Texas Intermediate futures rose 12 cents, or 0.12%, to $101.14.
Both benchmark oil futures contracts fell on Wednesday as investors worried about possible US interest rate hikes. Brent crude futures fell more than $2 a barrel, while US crude futures fell more than $1. (QNA)
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