Brent Oil Surges Above $107 Following Houthi Attacks on Saudi Arabia
Global crude benchmarks climbed more than 4% in afternoon U.S. trade after a Saudi-led coalition in Yemen said Saudi Arabia intercepted six ballistic missiles fired by Iran-backed Houthis on Thursday. The front-month Brent crude contract rose 4.7% to $107.95 a barrel, while West Texas Intermediate futures climbed 4.8% to $96.56 a barrel, according to market … Read more