Oil prices rise due to geopolitical tensions and supply concerns
CNBC — April 5, 2024, 03:00 AM UTC
Summary: Oil prices rose, with Brent crude at $91.14 and WTI at $86.96 per barrel. ANZ analysts raised Brent's 3-month target to $95. OPEC+ maintained supply policy. Geopolitical tensions and supply concerns drove prices up. Ukrainian attacks on Russian refineries disrupted 15% of capacity. Global oil demand grew by 1.4 million bpd in Q1. Investors await U.S. employment report for economic insights. Brent and WTI are up over 4% this week.
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