Tag: supply worries
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Oil rises on Middle East supply worries
BEIJING, Oct 21 : Oil prices edged higher on Wednesday on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia.Brent crude futures rose 85 cents, or 0.78 per cent, to $109.64 per barrel as of 0022 GMT. US West Texas Intermediate (WTI) crude
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Oil rises as risks of prolonged Mideast conflict heighten supply worries
Sept 8 : Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption.Brent crude futures climbed 34 cents, or 0.35 per cent, to $97.34 a barrel by 0000 GM
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