Oil prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the Red Sea by Yemen’s Houthis and strikes between the US and Iran that have once again nearly shut the Strait of Hormuz.

Brent crude futures rose 0.55 per cent, or 50 US cents, to US$91.51. Read more at straitstimes.com. Read more at straitstimes.com.

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,…

Crude oil futures traded higher on Thursday morning following reports of attacks by the Iran-backed Houthis on ships in the Red Sea.