Global Oil Prices Rise

SadaNews Economy - Oil has rebounded from its lowest closing in nearly two months due to supply concerns amid ongoing tensions between the United States and Venezuela.

Brent crude futures rose by 29 cents, or 0.5%, to reach $61.57, while West Texas Intermediate crude increased by 31 cents, also 0.5%, to record $57.91 per barrel.

Brent crude had declined by 1.5% in the previous session.