Oil climbs as Mideast conflict, tanker attacks persist | live
By Florence Tan SINGAPORE, Oct 12 (Reuters) - Oil prices extended gains on Monday as the Middle East conflict escalated after Yemen's Iran-backed Houthis stepped up strikes on Saudi Arabia while two tankers were attacked over the weekend, raising concerns about oil supply from the region. Brent crude futures rose 76 cents, or 0.73%, to $105.48 a barrel by 2304 GMT while US West Texas Intermediate crude was at $92.44 a barrel, up 59 cents, or 0.64%.
By Florence Tan SINGAPORE, Oct 12 (Reuters) - Oil prices extended gains on Monday as the Middle East conflict escalated after Yemen's Iran-backed Houthis stepped up strikes on Saudi Arabia while two tankers were attacked over the weekend, raising concerns about oil supply from the region. Brent crude futures rose 76 cents, or 0.73%, to $105.48 a barrel by 2304 GMT while US West Texas Intermediate crude was at $92.44 a barrel, up 59 cents, or 0.64%.
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