Oil prices rose on Thursday amid geopolitical concern about anti-corruption crackdown in Saudi Arabia.
Saudi Arabia announced on Thursday that seven people out of total 208 detained for corruption charges have been released, Al Arabiya local news reported.
The Attorney-General Sheikh Saud Al Moaajeb revealed the release in a statement to highlight the latest development related to the action initiated by the recently instituted High Commission against Corruption.
Saudi Arabia on Thursday also warned its citizens against travelling to Lebanon and asked those who are in Lebanon to leave as soon as possible. Analysts said it highlighted rising tensions in the Middle East.
Meanwhile, a weak dollar also fueled the oil rally on Thursday. The dollar index, which measures the greenback against six major peers, was down 0.44 percent at 94.451 in late trading.
The West Texas Intermediate for December delivery was up 0.36 U.S. dollar to settle at 57.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery rose 0.44 dollar to close at 63.93 dollars a barrel on the London ICE Futures Exchange.
Saudi Arabia announced on Thursday that seven people out of total 208 detained for corruption charges have been released, Al Arabiya local news reported.
The Attorney-General Sheikh Saud Al Moaajeb revealed the release in a statement to highlight the latest development related to the action initiated by the recently instituted High Commission against Corruption.
Saudi Arabia on Thursday also warned its citizens against travelling to Lebanon and asked those who are in Lebanon to leave as soon as possible. Analysts said it highlighted rising tensions in the Middle East.
Meanwhile, a weak dollar also fueled the oil rally on Thursday. The dollar index, which measures the greenback against six major peers, was down 0.44 percent at 94.451 in late trading.
The West Texas Intermediate for December delivery was up 0.36 U.S. dollar to settle at 57.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery rose 0.44 dollar to close at 63.93 dollars a barrel on the London ICE Futures Exchange.
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