Oil Prices Rise on Saudi Refinery Attack
Oil prices rose about one percent after a reported attack on a Saudi Arabian refinery revived Middle East supply concerns. US crude inventories also declined, adding upward momentum to the market.
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Brent Crude Oil rose 1% to $115.02 a barrel on Wednesday afternoon following a refinery strike in Saudi Arabia. The attack heightened supply anxiety amid ongoing Middle East conflicts. Investors are closely monitoring geopolitical risks and impending output decisions.
