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Oil ends higher as Middle East tensions outweigh pressure from Saudi output recovery
Tuesday, 24 September 2019 03:05 WIB | ENERGY |Minyak WTI

Crude-oil futures ended higher on Monday, finding support from growing tensions in the Middle East even as Saudi Arabia has reportedly restored much of the output lost to attacks over a week ago that damaged its oil facilities.

Late last week, the U.S. said that it would deploy more troops to Saudi Arabia following the Sept. 14 attacks on oil facilities. Also last week, President Donald Trump tweeted that he had ordered the U.S. Treasury to œsubstantially increase sanctions on Iran.

West Texas Intermediate crude for November delivery CLX19, +0.57%  on the New York Mercantile Exchange rose 55 cents, or 1%, to settle at $58.64 a barrel, while November Brent crude BRNX19, -0.49%, the global benchmark, climbed by 49 cents, or 0.8%, to $64.77 a barrel on ICE Futures Europe.

Source: Marketwatch

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