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Oil prices creeped up alongside rising European shares, trading near 11-month high, amid reports of a blast in Riyadh. Oil prices are also being supported by geopolitical tensions after two supertankers, including Iranian crew members, were seized on Indonesian waters for suspected illegal oil transfers.

Oil prices rise alongside European shares amid reports of Riyadh blast

Oil prices creeped up alongside rising European shares, trading near 11-month high, amid reports of a blast in Riyadh. Oil prices are also being supported by geopolitical tensions after two supertankers, including Iranian crew members, were seized on Indonesian waters for suspected illegal oil transfers.

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