Oil prices rise on Nigeria, Venezuela disruptions
Oil prices rise on Nigeria, Venezuela disruptions
Singapore - QNA
Oil prices jumped over 1 percent on Monday after supply disruptions from Nigeria, Venezuela, the United States and China triggered a U-turn in the oil outlook of Goldman Sachs, which long warned of overflowing storage and another looming crash in prices.
International Brent crude futures were trading at $48.50 per barrel at 0255 GMT, up 67 cents, or 1.4 percent, from their last settlement.
US West Texas Intermediate crude futures were up 68 cents, or 1.5 percent, at $46.89 a barrel.
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