Brent Crude Holds Near Five Month High
Oil prices remain supported near a five-month high as traders price in geopolitical risks from recent attacks on infrastructure in Saudi Arabia and the Gulf. Markets continue to monitor regional stability and supply concerns.
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Brent Crude Oil climbed 52 cents to $110.07 a barrel during Tuesday morning trade, holding near a five-month high amid escalating Middle East security threats. The benchmark stayed elevated after touching $110.70 a barrel in the prior session, its highest level since May 20. Traders are pricing in a geopolitical risk premium following vessel attacks and infrastructure strikes in the region.
