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Oil Prices Rise as Markets Anticipate Geopolitical Developments

Doha: 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.

According to Qatar News Agency, 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.

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