Business & Economy · 4 views
Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery
Oil rose Wednesday as attacks by Yemen's Iran-backed Houthis on Saudi Arabia raised concerns over crude flows from the Middle East even as supplies have been recovering.
AI Summary
Oil prices rose on Wednesday after Yemen’s Iran‑backed Houthi attacks on Saudi Arabia sparked worries about Middle‑East crude flows, even as overall supplies have been recovering. Brent crude for December delivery gained 0.93% to $101.52 a barrel, while U.S. West Texas Intermediate for November rose 0.81% to $90.16 per barrel.
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