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Oil prices hit 5-month high amid Middle East conflict and fresh supply threats

LONDON : Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh threats from Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East.Brent futures for June delivery were up $1.15, or 1.3
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Brent oil hits highest price this year on fresh supply threats

(Reuters) -Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh threats from Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East. U.S. West Texas Intermediate (WTI) crude futures for May rose $1.27, or about 1.5%, to $84.98 after touching a peak of $85.46, also the highest since October. A Ukrainian drone struck one of Russia's biggest refineries on Tuesday in an at...
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