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Oil inches up as Middle East tensions escalate on drone hit

The attack on US forces in Jordan added to worries over supply disruption as Houthi rebels struck a fuel tanker

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Oil price affected by news of drone attack on US troops in Jordan

Security risks of further Red Sea voyage attacks are being assessed after firefighters put out a fire on a tanker attacked by Yemen’s Houthi group

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florence tan: Oil prices hold as investors still wary

Despite a pledge by the OPEC+ group, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, to cut 2.2 million barrels per day (bpd) of crude oil production in the first quarter, investors remain sceptical about compliance

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Oil Prices: Oil prices rise 1% on fears of escalating Middle East conflict

International Business News: Oil prices rose by around 1% on Friday as investors reacted to fears of escalating conflict in the Middle East, following reports that the US military

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Oil leaps as fear of broader Middle East conflict builds

This could oil supplies, after reports that the US military had struck Iranian targets in Syria

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