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The Economic Times
The Economic Times
Business

Oil prices rise as Saudi pipeline outage, fresh attacks raise supply concerns

Oil prices rose on Tuesday as concerns over supply disruptions persisted after attacks on ​Saudi Arabian energy infrastructure left the ​kingdom's East-West pipeline offline and cast doubt on efforts to ease shipping ​risks in the Gulf.

Brent crude futures rose $1.24, or 1.18%, to $106.93 a barrel at 0026 GMT, after climbing 1% previously, while U.S. West Texas Intermediate futures were up $1.29, or 1.24%, at $102.65 a barrel, after gaining 1.3% in the ‌previous session.

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