Oil Rises on Middle East Supply Concerns
Oil prices edged higher as traders weighed Red Sea shipping risks and threats to Saudi oil infrastructure. Brent crude futures rose 85 cents, or 0.78%, to $109.64 per barrel as of 0022 GMT.
By Colleen HoweOil prices edged higher on Wednesday on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia.Brent crude futures ICEEUR:BRN1! rose 85 cents, or 0.78%, to $109.64 per barrel as of 0022 GMT. US West Texas Intermediat…