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Oil Rises Amid Supply Disruption Concerns

Economy

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Singapore, September 01 (QNA) - 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. (QNA)

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