You are here: Home » Reuters » News
Business Standard

Oil bolstered as investors factor in supply risks

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil rose on Tuesday, boosted by investors' growing concern over the potential for disruptions to crude supply, especially in the Middle East.Brent crude oil futures were up 10 cents at $71.52 a barrel by 0907 GMT, while U.S. crude futures gained 9 cents to $66.31 a barrel.Traders said oil markets were receiving general support due to the risk of supply interruptions, including a potentially spreading conflict in the Middle East, renewed U.S. sanctions against Iran and falling output in crisis-hit Venezuela."With so many potential supply disruptors in play ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, April 17 2018. 15:09 IST