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Oil markets tense on Middle East crisis, U.S.-China trade spat

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday's late-2014 highs as bulging U.S. supplies weighed.A trade dispute between the United States and China also kept markets on edge.Brent crude futures were at $72.33 per barrel at 0648 GMT, up 27 cents, or 0.4 percent from their last close.U.S. WTI crude futures were at $67.20 a barrel, up 38 cents, or 0.4 percent from their last settlement.In China, Shanghai crude futures rose by 10.5 yuan to 428.7 yuan ($68.28) per ...

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First Published: Thu, April 12 2018. 12:28 IST