Oil surges back to $85 per barrel as Hormuz deal remains elusive
Oil prices rose on Monday, 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…
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