Oil prices rise on Middle East tension

By Reuters

Sep 24, 2024 12:14 am

SINGAPORE — Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations that last week's outsized US interest rate cut will support demand.

Brent crude futures for November were up 60 cents, or 0.8 percent, at $75.09 a barrel at 0415 GMT. US crude futures for November were up 64 cents, or 0.9 percent, at $71.64.

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