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Oil prices climb above $101 a barrel

Oil prices are continuing their upward trajectory, with Brent crude futures gaining 93 cents, or 0.92 percent, to reach $101.51 a barrel as of 00:22 GMT.

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Oil prices climb above $101 a barrel
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US West Texas Intermediate (WTI) crude went up 82 cents, or 0.92 percent, to trade at $90.25.

The gains came as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Ansarullah movement on Saudi Arabia against increased supplies of Middle East crude, according to the Reuters news agency.

 

Source: MNA
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