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The Economic Times
The Economic Times
Business

Oil prices edge higher, hover around $102 as US-Iran tensions, China fuel curbs support prices; MCX closed today

Oil United States European Union China Donald Trump Middle East Europe WSJ

Oil prices edged higher on Friday as China halted fuel exports, while the US weighed additional military deployments to the Middle East, raising concerns over a potential escalation in tensions with Iran and further disruption to regional energy supplies, according to Reuters.

Brent crude was last quoted at $102.58 a barrel, up 0.26%, while WTI crude stood at $92.91 a barrel, up 0.04%.

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