Oil Prices Rise On Concerns Over Supply Disruptions, But Surging U.S. Otput Looms

Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and the Middle East as well as by strong demand.

Brent crude oil futures were at 74.44 per barrel at 0105 GMT, up 44 cents, or 0.6 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were up 31 cents, or 0.5 percent, at $68.36 per barrel.

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Suhani Verma

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