Oil Prices Hit Six Week High After Saudi Attacks
Oil prices reached a six week high after Houthi attacks on Saudi energy facilities. Brent and WTI rose as Middle East conflict threatened global supplies. Analysts predict ongoing shipping disruptions will persist.
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Brent Crude Oil climbed 0.9% to $97.92 a barrel on Tuesday, reaching a six-week high following strikes on Saudi Arabia's energy installations. The attack by Yemen's Houthis injured more than 70 people and set multiple oil facilities ablaze. The escalation threatens global energy supplies beyond the blockaded Strait of Hormuz.
