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Oil Extends Gains Into Third Session Amid Middle East Tensions
Thursday, 16 May 2019 09:07 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

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 $72.04 a barrel at 0110 GMT, up 27 cents, or 0.4%, from their last close. Brent closed up 0.7% on Wednesday.

U.S. West Texas Intermediate (WTI) crude futures were at $62.27 per barrel, up 25 cents, or 0.4%, from their previous settlement. WTI closed up 0.4% in the previous session.

Analysts said oil was drawing support from heightened tensions in the Middle East, with helicopters carrying U.S. staff from the American embassy in Baghdad on Wednesday out of apparent concern about perceived threats from Iran.

Source : Reuters

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