Crude oil prices saw an uptick as supply concerns intensified due to a pipeline outage in Saudi Arabia and reports of fresh attacks. Brent crude futures increased by $1.24, or 1.18%, reaching $106.93 per barrel at 0026 GMT, following a previous 1% gain. Similarly, US West Texas Intermediate (WTI) futures rose by $1.29, or 1.24%, to $102.65 per barrel, building on a 1.3% increase from the prior session.
Economy
Oil prices climb amid Saudi pipeline outage and fresh attacks
Global oil prices have risen following a pipeline outage in Saudi Arabia and concerns over fresh attacks affecting supply.
Source: The Business Standard