LONDON (Commerce Desk): Crude oil prices in the global market have risen once again following the US attack on Iran’s Qeshm Island.
According to a news agency, Brent crude rose by 48 cents, or 0.5 percent, to reach $105.25 per barrel.
Similarly, the price of US crude oil, West Texas Intermediate (WTI), increased by 47 cents, or 0.5 percent, bringing its price to $96.93 per barrel.
It is worth mentioning that global crude oil prices had recorded a significant decline just one day earlier.