Oil hits near six-month high as Houthi attacks rattle Saudi Arabia
Brent crude futures (December) were trading about 3.2% higher than their previous close at $112.35 per barrel on Thursday afternoon
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Brent crude futures (December) were trading about 3.2% higher than their previous close at $112.35 per barrel on Thursday afternoon
The oil market is suddenly being gripped by a divergence between futures and physical prices, something thatโs playing out in two closely watched versions of Brent crude.
Asian stocks were poised to open higher after softer US jobs data eased pressure on the Federal Reserve to keep raising interest rates. Brent crude rose as Yemen launched a bid to recapture Houthi-controlled areas.
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
Brent crude tops $106 a barrel after Iran-aligned rebel group claims to have successfully attacked Aramco facilities.