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Oil Prices Rise for Fourth DaySingapore, 31 Jul (ONA) — Oil prices rose for a fourth straight day today, as investors worried about supply shortages.
Brent crude futures for September delivery, which are set to expire on Thursday, rose 27 cents, or 0.4%, to $73.51 a barrel, while US West Texas Intermediate (WTI) crude for September gained 37 cents, or 0.5%, to $70.37 a barrel.
The more active Brent October contract was up 29 cents, or 0.4%, at $72.76
Both benchmarks settled 1% higher on Wednesday. —Ends/AG