Oil prices up as tanker attacks heighten supply concerns
Oil futures rose on Monday on increasing concerns about supply disruptions in West Asia even as investors and traders fretted over global economic growth prospects amid a stand-off in the Sino-US trade talks.
Brent crude futures were at $71.71 a barrel by 0912 GMT, up $1.09. US West Texas Intermediate (WTI) futures were at $62.45 per barrel, up 79 cents.
Saudi Arabia said on Monday that two Saudi oil tankers were among vessels targeted by a “sabotage attack” off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of global crude supplies.
