INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Sep 30, 2:34 AM EDT World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.
S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Business Oil Prices Climb Amid Middle East Tensions By Shreyashi Chakraborty @ShreyashiChak19 Published 09/30/24 AT 2:34 AM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket AFP Oil prices increased on Monday over fears of potential supply disruption from the Middle Eastern producers as Israel escalated its military actions against Iranian-backed forces in the region. November delivery contracts for Brent crude saw a steep increase in price climbing 0.
71% to $72.49 per barrel, Reuters reported. Brent's December delivery rose 0.
7% to $72.04, as trading activity remained robust. US West Texas Intermediate (WTI) crude futures added 43 cents, or 0.
63% to $68.61 per barrel. This comes after WTI and Brent crude fell 5% and 3% respectively last week due to demand concerns despite China's economic stimulus.
Cr.