Tops broken: Brent barrel rises to $72.48, the highest price in seven months
The price of Brent crude oil breaks its ceiling Photo: Courtesy: Istock
TL;DR
- Brent crude for April delivery closed at $72.48, up 2.86%.
- This is the highest price for Brent crude in seven months.
- The increase is driven by uncertainty in US-Iran nuclear talks and fears of a US attack on Iran.
- Several Western countries and China recommended their citizens leave Iran and the region.
- West Texas Intermediate crude also rose over 3% due to the same geopolitical concerns.