India, Oct. 28 -- Oil prices rose by more than 1% on Wednesday. Prices increased after Yemen's Iran-aligned Houthi group reported an attack on a major oil refinery in Saudi Arabia. The report raised concerns about possible disruptions to global oil supplies amid ongoing conflicts in the Middle East.

Brent crude prices climbed to $115.24 per barrel. Brent crude futures rose by $1.36, or 1.2%, as of 0858 GMT on Wednesday, according to Reuters market data. US crude oil prices also recorded gains. West Texas Intermediate (WTI) crude futures rose by $1.62, or 1.6%, to $101.52 per barrel at the same time.

Houthis claimed they attacked Saudi Arabia's biggest oil refinery. Yemen's Iran-aligned Houthi group said on Tuesday that it had hit the re...