Brent oil price hits highest this year on fresh supply threats

LONDON: Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh threats from Ukranian attacks on Russian energy facilities and escalating conflict in the Middle East.

Brent futures for June delivery were up $1.16, or 1.3%, at $88.58 a barrel by 1218 GMT after touching a peak of $89.08.