LONDON: Oil prices rose on Tuesday, with Brent reaching a near eight-month high on unrest in Nigeria as well as owing to dollar weakness.
Benchmark oil Brent North Sea crude reached $51.08 a barrel, the highest level since October 12.
Around 1120 GMT, Brent for delivery in August was slightly off the high at $51.04 but still a rise of 49 cents compared with Monday’s close. US benchmark West Texas Intermediate for July delivery gained 41 cents to $50.10 a barrel.
Courtesy : Dawn News