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BUSINESS AWAAZ

Geopolitical uncertainties lead to rise in oil prices      

May 16, 2026

Global crude oil prices rose today amid lingering geopolitical uncertainties. Brent crude was trading over 2.4 per cent up at 108 US dollars and 30 cents per barrel, while West Texas Intermediate crude was trading over 2.9 per cent up at 104 US dollars 14 cents per barrel, when reports last came in.  

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Gold prices down by 1.6%, silver by 5.6%
Copper Drops from record high as equities fall in Asia and Europe

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