Aug 27 : Oil prices rose on Thursday after falling earlier in the session as investors weighed prospects for progress in reopening the Strait of Hormuz and broader Middle East supply risks.Brent crude futures were up 51 cents, or 0.58 per cent, to $88.35 a barrel at 1005 GMT. West Texas Intermediate crude fu

Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42. Both benchmarks had declined more…

"It seems crude is now beginning to price in a sooner rather than later peace deal."