Oil edges up as investors monitor developments in Middle East

09/09/2025 Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices rose today, Sept. 9, as markets monitored geopolitical developments in the Middle East, along with concerns about the US tightening economic sanctions on Russia.

 

Brent crude futures for November delivery rose 0.56%, or 37 cents, to $66.39 a barrel by the end of the session.

 

WTI crude futures for October delivery gained 0.59%, or 37 cents, to $62.63 a barrel.

 

This comes amid recent US threats to tighten economic sanctions on Russia over its ongoing war in Ukraine, as well as expectations that China will continue purchasing oil from Moscow despite these risks, Reuters reported.

 

Gold received additional support as geopolitical tensions in the Middle East returned to the forefront after Israel launched airstrikes today on locations in the Qatari capital, Doha, where Hamas leaders were present.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.