Oil rises slightly as diplomacy hopes counter renewed Houthi attacks

Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply ...

Oil rises slightly as diplomacy hopes counter renewed Houthi attacks

Oil prices turned positive on Tuesday after a fall of about 1%, ‌earlier in the session, as the chance of talks in Tehran eased fears of a broader Middle East supply shock, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks. Brent crude futures was up 40 ​cents, or 0.4%, at $116.24 a barrel, while US West Texas Intermediate ​crude was up 30 cents, or 0.3%, at $102.07. Both fell 1% earlier ⁠in the session. Saudi Arabia, Tur…

Oil prices rebound after early fall amid fresh Middle East diplomacy hopes

Oil prices rise as Iran talks, Houthi attacks and Middle East tensions raise supply concerns - THE LOCAL REPORT ARTICLES

Oil prices rose slightly on Tuesday as investors waited for the outcome of diplomatic talks in Tehran, Iran. Renewed attacks by Yemen’s Houthi group on Saudi Arabia also raised concerns about risks to oil supplies. Oil prices rise as Middle East tensions and supply risks keep markets on edge. (Pexel/Representative image) (Pexel) Brent crude futures ...

Brent slips below $115 as diplomacy tempers oil supply fears

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Oil Rises as Hopes for Diplomacy Offset Impact of Renewed Houthi Attacks

Oil prices rose slightly on Tuesday as investors awaited the outcome of diplomatic talks in Tehran, while renewed Houthi attacks on Saudi Arabia underscored persistent geopolitical risks.