Crude Oil Prices Rallied

Oil prices advanced today amid renewed issues over risks to global supply.Now, oil trades at $58.60, which is an incline of $0.39 or $0.68% from the previous close of $58.20.

The daily range is from $58.04 to 59.49, while the trading volume is 217.244K.

The attacks negatively affected almost 50% of Saudi crude output and severely limited the country's spare capacity.

Earlier this week, the country reported that production should return to normal levels in the next 2-3 weeks.

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures surged today after two sessions of solid of selling pressure.

The situation has calmed down but still there are some intense tensions between the United States and Iran.