Global crude oil prices rebounded today after US forces reportedly struck Iran’s Qeshm Island, heightening concerns over energy supplies disruption from West Asia.
Brent crude was trading 1.7 per cent up at 106 US dollars and 59 cents per barrel. West Texas Intermediate crude was trading 2.1 per cent higher at 98 US dollars and 51 cents per barrel, at the time of writing this report.
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