Oil prices up over 2% amid ongoing conflict in West Asia
Global crude oil prices rose over 2% on Thursday amid escalating tensions in West Asia, supply constraints and fears of a prolonged conflict disrupting critical energy routes.
Around 7:15 AM, the April contract of the benchmark crude on the Intercontinental Exchange was trading at $83.26 per barrel, higher by 2.43% from its previous close. Similarly, the April contract of West Texas Intermediate on the NYMEX rose 2.63% to $76.63 per barrel.
