India, March 11 -- Oil prices resumed their upward trend on Wednesday after having fallen sharply in the previous session following reports that the International Energy Agency (IEA) may deploy its largest-ever stockpile draw to offset supply risks from war.
Benchmark Brent crude futures were up 4.2 percent at $91.49 a barrel in European trade and WTI contracts surged 4.5 percent to $87.24 a barrel as the fighting in Iran continued to rage on, with the U.S. and Israel exchanging air strikes with Iran across the Middle East.
Published by HT Digital Content Services with permission from RTT News....