Oil prices regain some ground

Maria Novoselova / Vestnik Kavkaza

Oil prices rose on October 24, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions.

Brent crude futures climbed 57 cents, or 0.6%, to $90.40 a barrel by 03:21 GMT, while U.S. West Texas Intermediate crude futures increased 54 cents, or 0.6%, to $86.03 a barrel.

Both benchmarks fell more than 2% on October 23 as diplomatic efforts in the Middle East, the world's biggest oil-supplying region, intensified to contain the conflict between Israel and Hamas, easing investor worries about supply disruptions.

© Photo :Maria Novoselova / Vestnik Kavkaza