Middle East unrest fuels crude oil prices higher amid fears of supply disruption

Amid escalating tensions in the Middle East, oil prices surged as fears of supply disruptions intensified following a drone attack by Houthi rebels targeting a fuel tanker operated by Trafigura in the Red Sea. Brent crude oil, against which Nigerian oil is priced, gained 0.3% to $83.81 a barrel while U.S. West Texas Intermediate crude oil rose by a similar Read More

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