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The Economic Times

Business

THE TRUTH ABOUT: Oil prices rise as storms and air strikes threaten supply - The Untold Story

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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