WTI Rises 1.6% to $101.04 as Escalation Fears Mount
WTI futures climbed above $101 a barrel amid Houthi attacks on Saudi Arabia and fears of further U.S.-Iran escalation before the midterm elections. Brent crude rose 1% to $114.28 a barrel.
Oil prices rise in afternoon trading, with WTI futures now above $101 a barrel, driven by Houthi attacks on Saudi Arabia and fears of further escalation between the U.S. and Iran before the midterm elections. The U.S. oil gauge is up 1.6% to $101.04 a barrel, while Brent crude rises 1% to $114.28 a…