Crude prices rise as Iran reviews US proposal to end the war; Russia’s output hit too

While Iran is yet to formally turn down the 15-point US proposal to end the war, crude prices appeared to be inching up on Thursday in early trade. On the other hand, Russia's crud eoil production has been impacted after Ukranian drones hit its oil assets.

Kolkata: Crude oil prices inched up in early trade on Thursday, even as Iran assessed the US proposals to end the war in the Gulf which has sent shcok waves in the energy market, the likes of which has never been seen before, analysts have pointed out. ​Brent crude futures rose 1.21% to reach $103.46 a barrel, while West Texas Intermediate crude futures inched up in excess of $1 ⁠to reach $91.42 a barrel.

According to reports, despite early reports of turning down the 15-point proposal sent by the Trump........

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