The Economic Times

Why are oil and gas prices up now, and will US WTI, Brent crude futures, British and Dutch gas rates continue to rise or drop again? Strait of Hormuz closure, container ships gunfire attacks, analysts insights, market outlook, investor guide

Why are oil and gas prices up now, and will US WTI, Brent crude futures, British and Dutch gas rates continue to rise or drop again? Oil and gas markets moved higher after reports of gunfire attacks on container ships in the Strait of Hormuz. The Iran conflict, ceasefire uncertainty, supply concerns, and falling US inventories pushed prices higher. European gas markets also reacted to LNG flow risks and Norway supply changes.