Oil Prices Rise 1.3% as Hormuz Shipping Risks Persist
December Brent crude futures rose 1.3% to $110.19 a barrel as traders weighed renewed threats to Strait of Hormuz shipping and attacks targeting Saudi Arabia against a recovery in Middle East oil exports.
By Farhan RafidOil prices rose Wednesday, rebounding from the previous session's losses as traders weighed renewed threats to shipping through the Strait of Hormuz and attacks targeting Saudi Arabia against a recovery in Middle East oil exports.December Brent crude futures rose 1.3% to $110.19 a ba…