Oil prices hit 13-month high
Nigeria, Feb. 15 -- The price of crude oil rose on Monday to its highest in 13 months amidst fears of increased tension in the Middle East.
Tre rise also followed hopes that a stimulus and the easing of lockdowns in the United States, Reuters reported.
Brent crude was up 1.6 per cent to $63.45 a barrel at 0806 GMT, after climbing to a session high of $63.76. It is the highest since January 22, 2020, according to the news wire's data.
U.S. West Texas Intermediate (WTI) crude futures gained 2.2 per cent, to sell $60.75 a barrel. Earlier, it touched $60.95 - its highest since January 8 last year.
On Sunday, the Saudi-led coalition fighting in Yemen said it destroyed an explosive-laden drone fired by the Iran-aligned Houthi group toward t...
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