Oil up over 1pc as Saudi Arabian refinery attack reignites supply risk concerns

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Oil prices have risen by one per cent after an attack on a refinery in Saudi Arabia, the world’s top crude exporter, renews concerns about supply risks due to the conflicts in the Middle East, Reuters reports.

Brent crude futures are up $1.31, or 1.2pc, to $115.19 a barrel as of 1115 GMT (4:15pm PKT). US West Texas Intermediate crude has gained $1.75, or 1.8pc, at $101.65.

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