Brent closes in on $90/b threshold as Mideast firework resumes

02.05.2024

Oil prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza's Rafah and on the U.S. Treasury secretary's comments that the economy was performing well.

Brent crude futures settled 99 cents, or 1.1%, higher at $89.01 a barrel. U.S. West...