Oil Prices Rise Above $106 As Saudi Pipeline Attack Fuels Global Supply Concerns
Global crude oil prices gained on Tuesday as investors grew concerned about potential supply disruptions following attacks on Saudi Arabia’s important East-West pipeline. Rising tensions in the Gulf region also added to uncertainty over future oil flows. Brent crude futures increased by $1.24, or 1.18%, to $106.93 a barrel, while US West Texas Intermediate (WTI) rose $1.29, or 1.24%, to $102.65 a…
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