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Oil hits six-month high at $117 after more Houthi attacks on Saudi Arabia

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The National
“Oil hits six-month high at $117 after more Houthi attacks on Saudi Arabia”

Oil prices jumped by more than 3 per cent on Friday, with Brent briefly topping $117 a barrel, as Yemen’s Houthi rebels launched another wave of attacks on Saudi Arabia, stoking concerns about further disruption to supplies from the Middle East. Brent , the benchmark for two thirds of the world's oil, leapt 3.14 per cent to settle at $116.72 a barrel. West Texas Intermediate, the gauge that tracks US crude, jumped 3.82 per cent to close at $103.27 a barrel. From last week's close, Brent, now at…

Read at The National
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