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The Economic Times
The Economic Times
Debaroti Adhikary

Oil Price Today (August 20): Crude oil above $92/barrel as Trump vows ‘tremendous’ economic warfare on Iran

Oil United States Iran Goldman Sachs Donald Trump JPMorgan

Oil prices remained above $92 per barrel in early trade on Thursday as investors continued to remain on the edge amid fresh escalations in the US-Iran war, spiking concerns around the security of shipping through the Strait of Hormuz.

Brent crude futures rose 55 cents, or 0.6 per cent, to $92.17, while US West Texas Intermediate crude futures gained 25 cents to $84.64 a barrel, extending gains. Both Brent and WTI benchmarks jumped for a fourth straight session on Wednesday, settling at their highest since July 24.

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