Oil prices up after new strikes on Saudi infrastructure
North AmericaBusinessHigh confidence — 75/100
Oil prices on Monday leaped more than 4 percent after Yemen-based militant Houthis struck Saudi Arabia's infrastructure and ships, leaving one crucial pipeline out of service for weeks.
The global benchmark for crude oil, Brent crude, settled at $105.66 per barrel as of Monday afternoon.
West Texas Intermediate (WTI), the benchmark in the U.
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Oil prices on Monday leaped more than 4 percent after Yemen-based militant Houthis struck Saudi Arabia's infrastructure and ships, leaving one crucial pipeline out of service for weeks.
The global benchmark for crude oil, Brent crude, settled at $105.66 per barrel as of Monday afternoon.
West Texas Intermediate (WTI), the benchmark in the U.