The price of oil rose 2 percent Thursday on lower U.S. inventories and concerns that geopolitical tensions could disrupt global supplies.
Benchmark U.S. crude for August delivery rose
Brent crude for September delivery, a benchmark for international oils used by many U.S. refineries, rose
A series of geopolitical events pushed prices higher by raising concern that oil supplies could be disrupted, even though no disruptions were imminent.
The crash of a
"Although oil balances will not be impacted, it gives the oil complex another reason to inject some geopolitical risk premium," wrote energy analyst
The jitters about potential disruptions came on the heels of a surprisingly large decline in supplies in the U.S. On Wednesday, the
— Wholesale gasoline closed unchanged at
— Natural gas fell
— Heating oil rose
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