Global oil prices increase by over a dollar due to Middle East tensions

Muscat : Oil prices rose to more than a dollar on Wednesday as the US-Israeli conflict over Iran disrupted production and supplies in the Middle East.

Brent crude rose $1.11, or 1.4 percent, to $82.53 a barrel, after hitting its highest closing level since January 2015 on Tuesday.

US West Texas Intermediate crude gained 79 cents, or 1.1 percent, to $75.37.