Climbs with Brent above $112 amid Houthi attacks
Bangladesh, Oct. 23 -- Brent crude oil prices rose to their highest level since May on Thursday after Yemen's Iran-aligned Houthi group carried out more attacks in Saudi Arabia.
The attacks raised fears that the conflict in the Middle East could spread further and disrupt oil supplies from one of the world's most important oil-exporting regions, Hindustan Times.
Brent crude futures rose by $3.35, or 3.08per cent, to $112.17 a barrel by 0818 GMT on Thursday. This was the highest level since May 18. Brent prices had touched $112.55 a barrel earlier in the trading session.
US West Texas Intermediate (WTI) crude futures also moved higher. WTI crude rose by $2.68, or 2.76per cent, to $99.83 a barrel, according to Reuters.
Oil market analy...
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