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Brent crude rises as Middle East ship and refinery attacks intensify
CNBC World said oil prices are moving higher as both shipping and refinery disruptions grow in the region.
Oil prices climbed as ship and refinery attacks in the Middle East intensified, supporting renewed upward pressure on crude.
According to CNBC World, Brent crude moved higher as the escalating disruptions raised concerns about supply and refining capacity.
The coverage framed the price gain as part of an ongoing push higher in the oil market amid the worsening security situation in the region.
Latest closeWTI crude $90.70 ▲0.5%|Brent $95.32 ▲0.7%