Crude oil price snaps losing streak; Brent crude at $105/bbl. Where are prices headed?
US-Iran war: Oil prices recovered on Thursday following two consecutive sessions of decline, driven by persistent supply concerns amid uncertainty over a possible resolution to the Iran conflict. A drawdown in US crude inventories also heightened fears over tightening global stockpiles.
Brent crude futures gained 81 cents, or 0.77%, to trade at $105.83 a barrel, while US West Texas Intermediate crude futures advanced 97 cents, or 0.99%, to $99.23.
