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Oil Prices Rise Over 1 Percent on Supply Concerns

Oil prices rose over one percent as attacks in Saudi Arabia sparked supply disruption fears. Brent crude climbed to 114.47 dollars a barrel while WTI reached 100.84 dollars.

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Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo

Brent Crude Oil rose 1.2% to $114.47 a barrel on Friday morning after attacks in Saudi Arabia stoked supply disruption fears. The gains put Brent on track for its third consecutive weekly advance. Energy markets face renewed geopolitical risk premiums as Middle East conflicts threaten vital shipping lanes.
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