Singapore-SANA
Oil prices rose today for the second day in a row amid growing fears of tight European supplies after Russia cut off the main supplier of oil and natural gas to the gas supply region through a major pipeline.
Reuters reported that Brent crude futures for September rose 1.51 dollars, or 1.4 percent, to 106.66 dollars a barrel.
US West Texas Intermediate crude contracts for the month of September also rose $1.36, or 1.4 percent, to $98.04 a barrel.
Russia had reduced gas supplies to Europe yesterday, after Gazprom announced that supplies through the Nord Stream 1 pipeline to Germany would be reduced to only 20 percent of its capacity.
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