Price movements
Brent crude futures rose 34 cents, or 0.46 percent, to $73.90 per barrel upon settlement.
US West Texas Intermediate crude rose 27 cents, or 0.39 percent, to $70.10 at settlement.
Iran launched more than 180 ballistic missiles at Israel Yesterday, Tuesday, Israel pledged andUS By responding to the attack, which may herald the escalation of the conflict in the region.
Analysts at ANZ Bank said in a note that Iran’s production of… Oil It rose to a six-year high of 3.7 million bpd in August.
The US Energy Information Administration said that US crude inventories rose by 3.9 million barrels to 417 million barrels in the week ending September 27, which erased some of the gains achieved during the week.
Analysts in a Reuters poll expected a decline in inventories of 1.3 million barrels.
Meanwhile, a meeting of senior ministers ended OPEC+ By keeping the oil production policy unchanged, including a plan to start increasing production starting in December, and also emphasizing the need for some members to enhance cuts to compensate for excess production.
