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Oil rises on Middle East supply worries

Brent crude rose 0.78% as traders watched at least 18 vessel attacks over two weeks and expected a 800,000-barrel inventory draw, Reuters said.

BEIJING, Oct 21 : Oil prices edged higher on Wednesday on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia.Brent crude futures rose 85 cents, or 0.78 per cent, to $109.64 per barrel as of 0022 GMT. US West Texas Intermediate (WTI) crude

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Business Times broke the news in Singapore, Singapore on Tuesday, October 20, 2026.
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