Oil rises on Saudi pipeline and Bab al-Mandeb risk
Oil prices increased in early European trading as attacks shut a key Saudi pipeline and Yemen’s Houthi militants tightened control of the Bab al-Mandeb Strait.
Oil prices rose in early European trading Monday as supply concerns intensified after attacks shut a key Saudi oil pipeline. Houthi militants in Yemen also tightened their grip on the Bab al-Mandeb Strait, adding pressure on Middle East crude-export routes already constrained by the U…