Shafaq News..Brent Tops $110 as Middle East Tensions Escalate

Interfax.ru

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Oil prices are rising moderately on Tuesday's news of new attacks on Saudi Arabia's facilities.

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The escalation of attacks on Saudi oil facilities and the Ukrainian strikes on Russia are increasing market concerns, keeping oil prices at particularly high levels internationally.

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Energy market concerns are rising again after the Houthis claimed they attacked Saudi airports and Aramco facilities.

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New Delhi, Oct 20 (IANS) Global crude oil prices are once again seeing a surge. Amid rising tensions in West Asia, geopolitical risks related to Iran, and growing concerns about energy supplies, international benchmark Brent crude has reached close to $110 per barrel, a nearly five-month high. Meanwhile, US West Texas Intermediate (WTI) crude is also trading around $104 per barrel. Market experts believe that the risks looming over global energy…