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Oil Extends Gains Into Fourth Straight Day on Middle East Tensions
Friday, 17 May 2019 08:55 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices edged higher on Friday, extending gains into a fourth session as rising tensions in the Middle East stoked fears of potential supply disruptions.

Brent crude futures were at $72.82 a barrel at 0024 GMT, up 20 cents, or 0.3%, from their last close. Brent closed up 1.2% on Thursday when prices hit a high of $73.36 a barrel - the highest since April 26.

U.S. West Texas Intermediate (WTI) crude futures were at $63.18 per barrel, up 31 cents, or 0.5%, from their previous settlement. WTI closed up 1.4% in the previous session.

A Saudi-led military coalition in Yemen carried out several air strikes on the Houthi-held capital Sanaa on Thursday after the Iranian-aligned movement claimed responsibility for drone attacks on two Saudi oil pumping stations earlier in the week.

Source : Reuters

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