Oil Prices Rise On Global Supply Risks:
Oil prices rose on Wednesday morning in Asia amid ongoing risk of supply disruptions.
A potentially spreading conflict in the Middle East, renewed U.S. sanctions against Iran and falling output caused by the political and economic crisis in Venezuela have triggered a sense of high risk of disruptions to oil supplies, lifting oil prices.
The Middle East is the world’s most important crude exporter and tension in the region tends to put oil markets on edge.
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