Ammon News - Oil prices rose on Tuesday as concerns over supply disruptions persisted after attacks on Saudi Arabian energy infrastructure left the kingdom's East-West pipeline offline and cast doubt on ​efforts to ease shipping risks in the Gulf.

Brent crude futures rose $1.37, or 1.3%, to $107.05 ‌a barrel at 0406 GMT, while U.S. West Texas Intermediate futures were up $1.53, or 1.51%, at $102.92 a barrel. Both benchmarks rose more than 1% in the previous session.

"Oil traders are treating every fresh attack or infrastructure hit as incremental supply risk, while ​staying highly sensitive to any sign that the East-West pipeline or Hormuz flows could normalise," said Tim ​Waterer, chief market analyst at KCM Trade.

Commodity vessel traffic through the Strait of Hormuz dropped to fewer than 10 transits ‌a ⁠day over the weekend, from a 10-day average of 14, raising concerns over a route that typically carried about one-fifth of global oil supplies before the U.S.-Israeli war on Iran began on February 28.

Reuters