Judul : Oil gains more than 1% on Middle East schism, tightening supply
link : Oil gains more than 1% on Middle East schism, tightening supply
Oil gains more than 1% on Middle East schism, tightening supply
SINGAPORE (June 5): Oil markets rose more than 1% on Monday, pushed up by tensions in the Middle East where top crude exporter Saudi Arabia and other Arab states cut off ties with Qatar, and as signs of falling OPEC supplies tightened the market.
Saudi Arabia as well as the United Arab Emirates, Egypt, and Bahrain cut ties with top liquefied natural gas (LNG) and condensate shipper Qatar on Monday, accusing it of supporting extremism and undermining regional stability.
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