Tag: Iran situation

• Thursday, May 16th 2019 - 08:24 UTC

  Oil prices edge up on the Iran situation, but inventories are still very high

  

  Oil prices edged up on Thursday to extend gains into a third straight session, as tensions in the Middle East stoked fears of potential disruptions to supply. Brent crude futures were at US$72.04 a barrel at 0110 GMT, up 27 cents, or 0.4per cent, from their last close. Brent closed up 0.7per cent on Wednesday.