Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Holly Williams

INSANE: Oil prices surge despite global action to boost reserves | Vintage Vibes

Financial markets were worried by the rising price of oil (Alamy/PA) -

Oil prices have risen further despite a global deal to release a record 400 million barrels of reserves as Iran continued to strike key energy and shipping infrastructure.

Brent crude rose by another 4% to nearly 96 US dollars a barrel in morning trading on Thursday, following similar gains on Wednesday, as prices failed to ease in spite of the International Energy Agency (IEA) move to boost worldwide oil reserves.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.