Oil Rises More Than 1% Following Drone Attack on Nuclear Power Facility in the UAE

Oil prices continued to rise on Monday as efforts to end the U.S.-Israeli war on Iran stalled, following an attack on a nuclear power facility in the United Arab Emirates and expectations that U.S. President Donald Trump may discuss military options regarding Iran.

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As of 2202 GMT, Brent crude futures rose by $1.36, or 1.24%, to $110.62 per barrel, while U.S. West Texas Intermediate (WTI) crude reached $107.26 per barrel, up $1.84, or 1.75%.

Reuters