Brent, the international benchmark, rose more than 5 per cent over the week and West Texas Intermediate, which tracks US crude grades, also gained about 5 per cent. Photo: Reuters
Brent, the international benchmark, rose more than 5 per cent over the week and West Texas Intermediate, which tracks US crude grades, also gained about 5 per cent. Photo: Reuters

Business

Energy

Oil prices at two-month high on supply concerns and steady demand

Unrest in Kazakhstan and lower output in Libya supported the increase in crude prices

Fareed Rahman
Fareed Rahman

January 08, 2022