Oil Futures Rise as Saudi Attacks and U.S.-Iran Risks Persist
Oil futures rose sharply Thursday, with Brent crude climbing above $113 a barrel as fresh Houthi attacks targeted Saudi energy infrastructure and the market weighed the risk of further U.S.-Iran hostilities disrupting Middle East oil supplies.
By Farhan Rafid and Anthony Harrup Oil futures climbed sharply Thursday, with Brent crude rising above $113 a barrel. Yemen’s Houthis launched fresh attacks on Saudi Arabia’s energy infrastructure, while traders faced the risk that further U.S.-Iran hostilities could disrupt Middle East oil supplies. December…