Crude Oil Prices Gain On Geopolitical Tensions
Crude oil futures gained on the back of rising tensions in the Middle East. Petronet LNG, which buys 8.5 million tonnes of natural gas a year from Qatar under a long-term contract, said it didn't expect any impact on gas supplies from Qatar after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed ties with the Gulf Arab state accusing it of supporting terrorism.
