Doha:Oil prices experienced a significant rebound, increasing by more than 1% on Wednesday. This rise is attributed to renewed worries about potential supply disruptions in the Middle East, which have caused crude benchmarks to recover some of the losses from the previous session.
According to Qatar News Agency, Brent crude futures increased by $1.59, or 1.4%, reaching $115.47 per barrel. Similarly, US West Texas Intermediate (WTI) crude rose by $1.43, or 1.4%, to $101.33 per barrel.
The price recovery followed a decrease of approximately $2 per barrel on Tuesday, which occurred as talks in the Middle East had initially alleviated concerns regarding potential supply disruptions.
