Oil gains as traders weigh Gulf tensions against strong Mideast exports
SINGAPORE: Oil prices made slight gains on Tuesday as security concerns in the Middle East kept a geopolitical risk premium in the market, even as resilient regional crude exports and a G7 emergency stockpile release eased supply concerns. Brent crude futures were up 27 cents, or 0.3 percent, at $100.59 a barrel at around 06:30 a.m. Saudi time, while US West Texas Intermediate crude futures rose 30 cents, or 0.3 percent, to $89.73 a barrel. “Shipping data shows regional crude exports actually
Source: Arab News