Tag: Oil prices rise

Oil prices rise as Saudi supply risks come into focus

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LONDON – Oil prices rose sharply on Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates. Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while U.S. West Texas Intermediate crude […]

Oil prices rise on Gulf tensions

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Oil prices rose on Monday after Iran seized a British tanker in the Gulf, fuelling concern about supplies and a possible conflict in the crude-rich Middle East. The news provided support for the oil market but gains were capped by stubborn demand jitters linked to the weak global […]

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