Oil hits five-month high
Oil hits five-month high
Oil prices climbed about 3% to a five-month high on Thursday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the key exporting region. Brent futures rose $3.51, or 3.2%, to $112.33 a barrel at 1705 GMT, while US West Texas Intermediate crude rose $2.14, or 2.2%, to $99.29. That drove Brent into technically overbought territory for a third time in a week and put it o...