Oil prices rise today as Brent hits $112.33 on supply fears

Oil prices rise today as Brent crude gained $3.51 to $112.33 a barrel, a five-month high, after Houthi attacks in Saudi Arabia raised supply fears.

Brent futures rose $3.51, or 3.2 per cent, to $112.33 a barrel at 1705 GMT.

US West Texas Intermediate rose $2.14, or 2.2 per cent, to $99.29 a barrel.

Houthi attacks in Saudi Arabia raised concerns about further disruption to supplies from the key exporting region.

No actual shortage has been confirmed, and details of the attacks remain limited.

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