Oil Prices Rise After A number Of Arab Countries Cut Off Relations With Qatar

Dubai – (Masaader News)

Oil prices rose during Monday’s trading after a number of Arab countries announced their severing ties with Qatar.

Brent crude futures rose 0.7% to $ 50.30 a barrel, and the price of NYMEX crude futures rose to $ 48.05 a barrel by 0.8%.

Saudi Arabia, Emirates, Egypt, Bahrain and Libya have cut off diplomatic ties with Qatar after comments attributed to the Emir of Qatar angered some Arab leaders.

Focus Keywords

Dubai Masaader News #Oil Prices #Saudi Arabia #Egypt #UAE #Bahrain#