Oil prices rise more than 1% as Middle East conflict persists
Updated : May 17, 2019 09:44 AM IST
Brent crude futures settled at $72.62 a barrel, up 85 cents, or 1.18 percent, after touching their highest level in three weeks.
OPEC said on Tuesday that world demand for its oil would be higher than expected this year.
US President Donald Trump has told his top advisers he does not want to get the United States involved in a war with Iran, three US officials said on Thursday.
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