General · 10 June 2026
Oil Gains Nearly 1% on Supply Fears
Higher fuel costs could affect households and businesses as traders reacted to renewed conflict and tighter oil supplies. On Wednesday, US forces carried out fresh attacks on Iranian targets after a US Apache helicopter was brought down, while Brent crude and US benchmark prices both gained about 0.7%. Market data also showed US crude inventories dropped by 9.12 million barrels in the week to June 5.
Reported by Reuters · How we write briefs