Oil steadies after US threatens to blockade Iran indefinitely
PERTH: Oil prices inched higher on Friday after the US threatened to maintain a naval blockade of Iran indefinitely, reviving crude supply concerns, after prices fell in the previous session on a weaker global demand outlook. Brent futures rose 9 cents, or 0.1%, to $87.16 a barrel by 0130 GMT, while US West Texas Intermediate (WTI) crude futures rose 4 cents to $81.29 a barrel. The two benchmarks…
We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.
