Oil extends gains on fresh Mideast supply risks

SINGAPORE: Oil prices extended gains on Wednesday as fears of further supply disruptions intensified after US forces struck Iranian military targets for the 11th straight night, while oil tankers made U-turns ​in the Red Sea after warnings by Iran-backed Houthi militia. Brent crude futures rose $1, or ‌1.1 percent, to $92.01 a barrel at 06:30 a.m. Saudi time. US West Texas Intermediate crude climbed 82 cents, or 1 percent, to $85.16.

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