Oil prices hit five-month high
NEW YORK: Oil prices climbed about 4 percent 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 USD4.35, or 4.0 percent, to settle at...
NEW YORK: Oil prices climbed about 4 percent 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 USD4.35, or 4.0 percent, to settle at USD113.17 a barrel, while US West Texas Intermediate crude rose USD2.32, or 2.4 percent, to settle at USD99.47. That was the highest close for Brent since May...