Source: International Business Times
Prices remain far below the surge above $100 a barrel last month and the peak of more than $110 reached in May, but analysts say the relative calm may become increasingly difficult to sustain. Mario Tama/Getty Images Oil prices are edging higher as hopes for a swift reopening of the Strait of Hormuz fade, raising the risk that a prolonged disruption to one of the world's most important energy routes could send crude sharply higher. Prices remain far below the surge above $100 a barrel last month and the peak of more than $110 reached in May, but analysts told CNBC the relative calm may become increasingly difficult to sustain.
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