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Brent oil rises as Saudi Arabia suspends some shipments

Reuters  |  LONDON 

By Shadia NasrallaLONDON (Reuters) - Brent crude prices rose on Thursday after Saudi Arabia suspended its oil shipments through a Red Sea strait in response to an attack on two of the country's tankers.Brent futures had risen 59 cents to $74.52 a barrel by 1008 GMT, extending their rally into a third day but falling from a 10-day high in earlier trading.U.S. West Texas Intermediate (WTI) crude futures were up 6 cents at $69.36, hovering around Wednesday's closing level. Saudi Arabia, the world's biggest oil exporter, said on Thursday that it was "temporarily halting" oil shipments through the ...

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First Published: Thu, July 26 2018. 16:13 IST