Archive · Business Recorder
Oil rises on supply concerns as Houthis attack Saudi Arabia
SINGAPORE: Oil prices climbed in early trade on Friday on supply concerns after Yemen’s Houthis stepped up attacks on Saudi Arabia, on track for a fourth straight monthly gain and the steepest since July. Brent crude futures rose 86 cents, or 0.75%, to $115.74 a barrel as of 0122 GMT. US West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.71%, to $102.72. For the month, Brent was on course to finish nearly 14% higher, while WTI was heading for a 15% jump to close above $100 for the first time since April. On Thursday, the Houthis said they had attacked several sites in Saudi ...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →