Oil Rises on Middle East Supply Worries
Oil prices settled higher on Monday as fresh strikes on Saudi Arabian energy infrastructure and Middle East attacks mounted supply concerns. Both crude benchmarks retreated slightly after remarks from U.S. President Donald Trump.
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Brent Crude Oil rose 1% to settle at $105.68 per barrel on Monday afternoon following new infrastructure strikes in Saudi Arabia. Both major crude benchmarks had jumped nearly 5% overnight before paring gains. The attacks escalate supply disruption risks across the Middle East.
