Oil rises more than 1%, Brent exceeds $68

Oil fell as Chinese manufacturing activity contracted for fifth consecutive month

Oil prices edged higher today, Sept.1, as the dollar stabilized and Russian supplies were disrupted by Ukrainian attacks on energy infrastructure.

Brent crude futures for November delivery rose 1.22%, or 82 cents, to $68.30 a barrel at 4:48 pm Makkah time, after falling 0.40% earlier in the session.

WTI crude futures for October delivery rose 1.28%, or 82 cents, to $64.83 a barrel.

This was supported by a stable dollar index, which represents the value of the greenback against six major currencies, at 97 points.

Reuters reported today that at least 17% of Russia's oil refining capacity is disrupted due to Ukrainian drone attacks over the past few weeks.