Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries alive
Oil prices edged lower on Tuesday as the potential for a resolution in the US-Israeli war on Iran kept supply fears at bay, but Brent stayed close to six-month highs as attacks on Saudi Arabia lowered hopes of immediate stability in the region. Brent crude ...
LONDON: Oil prices rose slightly on Tuesday as investors awaited the outcome of diplomatic talks in Tehran, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks. Brent crude futures were up 45 cents, or 0.39%, at $116.26 a barrel by 0918 GMT, while US West Texas Intermediate crude was up 40 cents, or 0.39%, at $102.16. Both benchmarks recovered after trading 1% lower on the day earlier in the se...