Crude oil futures end higher on Thursday
A drone attack on Kurdistan targeted a Norwegian-operated oil and gas firm in northern Iraq, led to a suspension of production
Crude oil futures ended higher on Thursday amid fresh tensions brewing in the Middle East. A drone attack on Kurdistan targeted a Norwegian-operated oil and gas firm in the Tawke, Zakho administration area of northern Iraq, led to a suspension of production. The initial reports point to the drone coming from regions under control by Iran-backed militia.
Benchmark crude oil futures for August rose $1.16 or about 1.75% at $67.54 a barrel on the New York Mercantile Exchange. Brent crude for September increased $1.00 or about 1.46% at $69.52 a barrel on London's Intercontinental Exchange.
