Oil prices rose today over continued concerns of a potential supply disruption from Iran and the prospect of a positive US economy increasing oil demand.
Brent crude rose 10¢ to $125.91 a barrel and US crude rose 32¢ to $107.38.
Risk of a major supply disruption remains even as Saudi Arabia produces a higher output and Iran plans to expand its export rules.
Meanwhile, a brighter outlook for the US economy and signs of growing stability in the euro zone pushed US stocks to a near four-year high last week, supporting oil prices, reports Reuters.
Share this article
