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US oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions

Updated : July 11, 2019 08:13 AM IST

US West Texas Intermediate (WTI) crude futures were up 11 cents at $60.54 a barrel by 0055 GMT, after earlier touching the highest since May 23 at $60.63. They gained 4.5 percent in the previous session.
Brent crude futures were down 5 cents, or 0.1 percent, at $66.96 a barrel, after ending Wednesday up 4.4 percent.
Five boats believed to belong to Iranian Revolutionary Guards approached a British oil tanker on Wednesday and asked it to stop in Iranian waters close by, but withdrew after a British warship warned them over radio, a US defense official said on Thursday.
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