Oil prices on international markets have increased by more than 2 percent, following an attack on the Shaybah oil field in Saudi Arabia, adding concerns about power supply cuts.
Brant oil, as an international standard, was traded $111.40 per barrel, with an increase of 2.4 percent. Meanwhile, American oil West Texas Intermediate ( WTI increased by 2.22 percent, reaching $99.30 per barrel.
The attack on the oil field of Saudi company aramco, where two people lost their lives, has restored concerns about security of energy infrastructure in the Middle East.
Regional tensions have increased even after the United States’ decision to order the removal of several staff members and their family from US diplomatic missions in Saudi Arabia.
At the same time, mass attacks fearing Ukraine on Russian oil infrastructure this week have increased uncertainty about global energy supply.
These developments have contributed to rising oil prices, following earlier registered losses on international markets.
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