SAEDNEWS: Oil Prices Rise as Traders Assess Potential Risks to Saudi Supply
According to Saednews, US West Texas Intermediate (WTI) crude oil rose by 80 cents, or 0.9%, to $94.94 a barrel.
The increase followed Tuesday’s market close, when Brent crude fell 0.9% while WTI gained 0.4%. According to Reuters, traders were assessing potential supply disruptions amid fighting between Yemen and Saudi Arabia.
Brent crude futures settled at $105.69 a barrel on Tuesday, while WTI crude closed at $94.14.
