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Oil hits highest level in more than three months

[13/01/2025 05:52]

SINGAPORE-SABA
Oil prices hit their highest level today, Monday, in more than three months at the open, on anticipations that Russian oil supplies to China and India may be affected.

Brent crude futures rose $1.35, or 1.69 percent, to $81.11 a barrel, after hitting an intraday high of $81.44, the highest since Aug. 27.

U.S. West Texas Intermediate crude rose $1.40, or 1.83 percent to $77.97 a barrel after touching a high of $78.32, the highest since Oct. 8.