📌 Key Highlights & Quick Takeaways:
- London: Crude oil prices rose significantly in the global market due to fears of an increase in attacks on Saudi Arabia's energy facilities.
- Brent crude futures rose $3.06, or 3.3 percent, to settle at $95.82 a barrel, according to Reuters.
- The price of US crude oil West Texas Intermediate (WTI) also increased by 2.21 dollars, or 2.6%, to 88.74 dollars per barrel.
London: Crude oil prices rose significantly in the global market due to fears of an increase in attacks on Saudi Arabia's energy facilities and affecting shipping in the Strait of Hormuz. At the end of the business week, the prices of both major types of oil rose to around $3 a barrel.
Brent crude futures rose $3.06, or 3.3 percent, to settle at $95.82 a barrel, according to Reuters.
The price of US crude oil West Texas Intermediate (WTI) also increased by 2.21 dollars, or 2.6%, to 88.74 dollars per barrel.
According to Reuters, the intensification of attacks on Saudi Arabia's energy facilities and disruptions to oil shipments through the Strait of Hormuz have raised concerns about global supplies.
