• Business,
  • World

    • Oil Prices Rise Near $97 Amid Middle East Supply Concerns

    By on April 9, 2026
    crude oil
    crude oil

    Singapore: Oil prices rose today amid concerns over the resumption of Middle East supplies, as uncertainty persists the durability of the two-week ceasefire between the United States and Iran and continued restrictions on the Strait of Hormuz.

    Brent crude futures increased by $2.60, or 2.74 percent, to reach $97.35 per barrel, while US West Texas Intermediate (WTI) crude rose by $3.02, or 3.2 percent, to $97.43 per barrel.

    Both benchmarks had fallen below $100 per barrel in the previous session, with WTI recording its largest drop since April 2020, amid expectations that the ceasefire would lead to the reopening of the Strait of Hormuz.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.