Energy, Oil & Gas

Brent crude climbs above $103 on supply fears

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Image by Imaginima/ iStock

Oil prices rose on Monday (October 5), supported by renewed concerns over potential disruptions to crude supplies from the Middle East.

Brent crude futures gained 81 cents, or 0.79 per cent, to reach $103.06 a barrel by 2202 GMT.

US West Texas Intermediate (WTI) crude futures also advanced, rising 46 cents, or 0.50 per cent, to $91.57 a barrel. -TradeArabia News Service