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The Economic Times
The Economic Times
Business

Oil prices rise as storms and air strikes threaten supply

Oil United States Iran Donald Trump Saudi Arabia Natural Gas

Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.

Brent futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT. US West Texas Intermediate (WTI) crude rose 82 cents, or 0.92%, to $90.25.

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