HOUSTON: Brent crude oil prices rose more than 1% on Thursday on fears of longer-than-expected supply shortfalls following Saturday's attacks on a key Saudi Arabian oilprocessing facility and escalating tensions in the Middle East.
Global benchmark Brent settled 80 cents, or 1.3%, higher at $64.40 (51.36 pounds) a barrel, while U.S. West Texas Intermediate (WTI) crude pared earlier gains and ended largely steady at US$58.13 a barrel, just 2 cents firmer.
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