Oil rises more than 1% as supply concerns persist

Arab News ·
Economy Markets Singapore
Saudi Arabia

SINGAPORE: Oil prices climbed more than 1 percent on Wednesday after an attack on ​a refinery in Saudi Arabia renewed concerns around supply risks from the ‌major exporter. Brent crude futures gained $1.59, or 1.4 percent, to $115.47 a barrel as of 07:35 a.m. Saudi time. US West Texas Intermediate crude rose $1.43 or 1.4 percent to $101.33. Prices swung higher after dropping nearly $2 on Tuesday.…

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