Oil rises on worries over supply disruptions as spill near Oman worsens

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Oil prices rose on Thursday following deadly attacks on vessels in the Gulf of Oman and the Red Sea, and as an oil spill near Oman continued to spread. Brent crude for October delivery gained 1.01% to $88.09 a barrel, while U.S. WTI for September advanced 1.15% to $82.31. A tanker carrying an estimated 800,000 barrels of Russian oil under international sanctions ran aground June 30 near a nature reserve home to Arabian Sea humpback whales and Socotra cormorants. The International Energy Agency said global oil demand is set to fall further than expected this year, with supply remaining 6.3 million barrels a day lower year-on-year in July.

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