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The Economic Times
The Economic Times
Business

Oil edges up on uncertainty over exports through Hormuz

Hormuz Oil United States Strait of Hormuz Iraq Tehran Washington D.C.

Oil prices ticked higher in early trade on Wednesday, climbing for ​a fourth straight day on ​supply uncertainty as investors weighed conflicting messages from Tehran ​and Washington on whether the Strait of Hormuz is open to ships.

Brent crude futures climbed 26 cents, or 0.29%, to $91.28 by 0004 GMT, while U.S. West Texas Intermediate crude ‌futures were up ⁠37 ⁠cents to $85.31 a barrel.

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