Tuesday, 02 January 2024 12:17 GMT

Oil Rises Amid Supply Disruption Concerns


(MENAFN- The Peninsula) QNA

Singapore: Oil prices gained on Tuesday as renewed tensions in the Middle East renewed fears of ‌supply disruptions from the world's key crude-producing region.

Brent crude futures were up 56 cents, or 0.6%, to $91.05 a barrel, while US West Texas Intermediate (WTI) crude was up 83 cents, or 1%, to $86.59.

In the previous session, Brent closed up 2.7%, at ​one point reaching its highest since August 25, and WTI settled up 2.8%, touching its highest ​since August 21.

MENAFN01092026000063011010ID1111605181



The Peninsula

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story