The price of oil inched up to its highest level in more than two years amid Saudi Arabia’s corruption shake-up and tightening markets. Brent crude futures, the international benchmark, began trading at US$62.41, up slightly by 0.5 per cent from the Friday close, while North America’s West Texas Intermediate (WTI) opened at $55.97. <strong>_______________</strong> <strong>Read more:</strong> <strong><a href="https://www.thenational.ae/world/mena/saudi-prince-killed-in-helicopter-crash-near-yemen-border-1.673300">New Saudi committee to investigate public corruption opens 'new era of transparency'</a></strong> <strong><a href="https://www.thenational.ae/business/alwaleed-s-kingdom-holding-shares-drop-7-6-per-cent-amid-saudi-corruption-probe-1.673265">Alwaleed's Kingdom Holding shares drop 7.6 per cent amid Saudi corruption probe </a></strong> <strong>_______________</strong> The weekend brought on major changes in Saudi Arabia, Opec’s largest producer, as the kingdom detained dozens of government officials and businessmen in a corruption probe, led by Crown Prince Mohammed bin Salman. Feelings are mixed if the kingdom’s upheaval will have a great impact on oil markets. However, markets are tightening with demand increasing. The UK-based consultancy firm, Energy Aspects, said on Sunday that it didn’t see oil reacting to the news out of Saudi Arabia while a trader out of Libya predicted a 10 per cent jump for WTI by the end of the week.