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Oil prices increase over fear of supply disruptions
May 16, 2019
Source: Reuters

Oil prices increase over fear of supply disruptions

Fear of supply disruptions due to the risks of conflict in the Middle East helped the oil prices surge high on Thursday. Brent crude increased by 0.5% and was traded at $72.16 a barrel. WTI went up by 0.6% and was traded at $62.41 per barrel. OPEC led restrictions are now having a profound effect when US sanctions on OPEC members are increasing the supply losses.

   Read More About : Brent Price Middle East Oil Prices US WTI
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