Oil surges back to $85 per barrel as Hormuz deal remains elusive
Oil prices rose on Friday, surging back to $85 per barrel as a deal to reopen the Strait of Hormuz remains elusive, while Houthi rebels continue to launch attacks on Saudi Arabia’s oil infrastructure. Brent , the benchmark for two thirds of the world's oil, was up 1.77 per cent to $85.03 per barrel at 4.06pm UAE time. West Texas Intermediate, the gauge that tracks US crude, climbed 1.83 per cent…
We haven't written up this one. The National UAE has the full story — the link below goes straight to it.
