Monday, June 1, 2026
Oil extends gains on Kurdish supply risks and banking relief- oil and gas 360

Oil extends gains on Kurdish supply risks and banking relief

CNBC Crude prices firmed on Tuesday, extending sharp gains from the previous session amid supply disruption risks from Iraqi Kurdistan and hopes that turmoil in banking is being contained. Brent crude futures gained 17 cents, 0.22%, to $78.29 a barrel. West Texas Intermediate U.S. crude was up 14 cents, or 0.19%, to $72.95 a barrel. Prices rallied over $3 on Monday after Iraq