$Rex Intl (5WH.SG)$$RH PetroGas (T13.SG)$$Crude Oil Futures(...

Oil settles up on supply threats, hits 2024 highs during session

03 Apr 2024 06:16

OIL prices settled higher on Tuesday (Apr 2) after a session in which Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East pushed the Brent benchmark above US$89 a barrel for the first time since October.

Brent futures for June delivery settled up US$1.50, or 1.7 per cent, at US$88.92 after touching a peak of US$89.08.