Oil prices rise over 2 per cent as West Asia conflict disrupts global supply

Oil prices opened higher today after the Easter holiday as the U.S.-Israeli conflict with Iran continued to disrupt global oil supply.

Brent crude futures climbed 2.2 percent to 111.43 US dollars per barrel, while US crude climbed 2.7 percent to 114.57 US dollars per barrel by 2215 GMT (Greenwich Mean Time).