Rising oil prices globally
Al-Anbat - Sarah Al Armouti
Oil prices rose during Tuesday's trade, due to concerns about shortages in supply from major producers, notably Iraq and Libya, due to political turmoil.
According to the WSJ, U.S. Niemex crude futures for October delivery rose 4.2%, or $3.95 to $97.01 per barrel.
The benchmark Brent crude futures for October delivery also rose 4.1%, or about $4.10, to $105.09 per barrel.