Oil prices rose over $1 on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding. Brent crude futures were up 78 cents, or 0.8%, at $102.05 a barrel at 0400 GMT. U.S. West Texas Intermediate gained 76 cents, or 0.8%, to $95.84 a barrel. […]
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Oil prices rise by $1 as investors weigh Middle East peace prospects
Adom OnlineBy Dorcas Abedu-KennedyThu, 7 May 2026 · 2h ago0 views
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Oil prices rose over $1 on Thursday, rebounding from previous losses. Brent crude futures increased by 78 cents (0.8%) to $102.05 a barrel, while U.S. West Texas Intermediate gained 76 cents (0.8%) to $95.84 a barrel. The increase occurred as investors considered the prospects of a Middle East peace deal.
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