World news Oil

Oil prices reacted to the prospects of a peace agreement

11:50 07 май 2026.  494 Читайте на: УКР РУС

Oil prices rose by more than $1 on Thursday as investors assessed the prospects for a successful peace agreement in the Middle East.

Brent futures rose 78 cents, or 0.8%, to $102.05 per barrel. U.S. West Texas Intermediate gained 76 cents, or 0.8%, to $95.84 per barrel, Reuters reported.

On Wednesday, both benchmark grades plummeted by more than 7%, falling to two-week lows amid optimism regarding a possible end to the war in the Middle East.

Photo: graintrade.com.ua.

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