Oil prices rose on Wednesday to hover again at a ten-month high, as expectations of shrinking global supplies and fears of Libyan supply disruptions overshadowed fears of slowing demand in some countries such as China.
Brent crude futures rose eight cents, or 0.1 percent, to $92.14 a barrel, while U.S. West Texas Intermediate crude gained 14 cents, or 0.2 percent, to $88.98 a barrel.
The two benchmark crudes rose about 2 percent on Tuesday to close at their highest levels since November 2022.
Source (Al-Arabiya.net Website, Edited)
