Oil prices rise on sustained Red Sea shipping tensions


OIL prices rose slightly in early Asian trade on Wednesday amid continued concerns around shipping disruptions in the Red Sea and escalating tension in the Middle East.

Brent crude rose 26 cents, or 0.4%, to $76.11 a barrel by 0004 GMT, while U.S. West Texas Intermediate crude futures rose 26 cents, or 0.3%, to $70.64.

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Oil and gas , Brent , WTI , Opec , energy

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