Oil rises on concerns over Strait of Hormuz reopening plans
Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those that violated the proposed rules. Brent crude futures rose 80 cents, or 0.97%, to $83.29 a barrel. US West Texas Intermediate futures rose … Read more