Oil Rises After Houthi Attacks on Saudi Arabia
Oil prices increased in early European trading, with Brent crude surpassing $100 a barrel. Attacks by Yemen's Houthi rebels on Saudi Arabia have elevated regional tensions and threaten export recovery. Brent crude is up 0.6% at $101.22 a barrel, and WTI futures are 0.5% higher at $89.89 a barrel.
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08:14:13 AM UTC
SquawkNews
By Farhan RafidOil prices rose Wednesday as traders weighed fresh Houthi attacks in Saudi Arabia and storm-related U.S. Gulf production shut-ins against recovering Middle East crude supplies.December Brent crude futures rose 1% to $101.54 a barrel, while December West Texas Intermediate futures gai…
Oil prices rose in early European trading, with Brent crude above $100 a barrel as attacks by Yemen’s Houthi rebels on Saudi Arabia kept regional tensions elevated and threatened a recovery in exports. 89 a barrel.