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 $11...
LONDON: Oil prices rose on Friday and were on track for a fourth monthly gain as traders braced for a potential escalation in the US-Iran conflict after US midterm elections, with an attack on a tanker in the Strait of Hormuz highlighting supply risks from the war. Brent crude futures for December, which expire on Friday, were up $2.74, or 2.4%, at $117.62 a barrel as of 1045 GMT. The more active January contract ga...