Oil Prices Climb on US Storm Threat and Houthi Strikes
Oil prices rose as supply concerns grew due to a storm approaching US oil regions and Houthi air strikes on Saudi Arabia, partially offset by increased Middle East crude supplies.
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04:56:25 AM UTC
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By Ronnie HaruiOil prices rose in Asia on Wednesday afternoon as persistent tensions in the Middle East kept fears of supply disruptions in the region elevated.Attacks by Houthi rebels damaged two airports in southern Saudi Arabia near the border with Yemen, the kingdom said Tuesday. The attacks ca…
Oil prices climbed on Wednesday as traders weighed supply constraints from a storm heading toward US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures ICEEUR:BRN1! 05.