Oil prices rise following statements from Kiev, strikes on Saudi Arabia — Bloomberg

Business & Economy October 12, 18:00

The price of Brent crude climbed to nearly $106 per barrel after Vladimir Zelensky stated that strikes against Russia would continue

NEW YORK, October 12. /TASS/. Oil prices have risen following statements by Vladimir Zelensky and new strikes on Saudi Arabia, Bloomberg reports.

The price of Brent crude climbed to nearly $106 per barrel after Zelensky stated that strikes against Russia would continue. Earlier, US President Donald Trump claimed that Russia and Ukraine had agreed to an "energy ceasefire." In response to a question from TASS, Russian Presidential Press Secretary Dmitry Peskov stated that the Kremlin could not comment on the "energy ceasefire" matter yet, noting that contacts are ongoing.

In the Middle East, Saudi Arabia reported new drone and cruise missile attacks on Monday, following strikes on Riyadh's airport over the weekend. Attacks on tankers in the critical Strait of Hormuz have also intensified, even as more crude oil flows from the Persian Gulf.

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