Brent crude futures rose $1.38, or 1.5%, to $94.52 a barrel
Oil prices rose on Tuesday more than 1% after news that oil supply to Hungary via the Druzhba oil pipeline has been temporarily suspended due to a fall in pressure.
Brent crude futures rose $1.38, or 1.5%, to $94.52 a barrel at 2:22 p.m. EST (1922 GMT). U.S. West Texas Intermediate crude rose $1.60, or 1.9%, to $87.47.
Russia's state-owned pipeline monopoly Transneft (TRNF_p.MM) has been notified by Ukraine that oil supply to Hungary via the Druzhba oil pipeline is temporarily suspended due to a fall in pressure, the RIA news agency quoted Transneft as saying on Tuesday.
Also boosting prices, US producer prices increased less than expected in October, more evidence that inflation was starting to ease, which could allow the Federal Reserve to slow its aggressive pace of interest rate hikes.
SOURCE: REUTERS
Bulls' White (calf) to miss at least 2 more weeks
- 16 گھنٹے قبل
.jpeg&w=3840&q=75)
Pakistan acts as a global shield against terrorism
- 5 گھنٹے قبل
Most animals on this island nation are found nowhere else on Earth. And now they’re vanishing.
- 15 گھنٹے قبل
Pakistan consolidating macroeconomic stability, aims 3.5pc growth despite floods: FinMin
- 6 گھنٹے قبل
Why many transgender Americans are preparing to flee the country
- 15 گھنٹے قبل
5.3 magnitude earthquake rocks Islamabad, parts of KP and Punjab
- 21 گھنٹے قبل
18th Chief of the Naval Staff Amateur Golf Cup 2025 commences in Islamabad
- 5 گھنٹے قبل
PNS Yarmook seizes narcotics worth $972m
- 7 گھنٹے قبل
Pakistan, Romania agree to address aerial defence challenges
- 2 گھنٹے قبل
Gold prices fall thousands in value in Pakistan
- 6 گھنٹے قبل
There should be no war with Pakistan, issues can be resolved through trade, Trump tells Modi
- 10 گھنٹے قبل
Six terrorists of Fitna al-Hindustan neutralised in Balochistan's Dalbandin
- 2 گھنٹے قبل
