Oil Prices Rise in Global Market Amid Saudi-Houthi Conflict
Oil prices have risen in the global market due to supply concerns amid the ongoing conflict between Saudi Arabia and Yemen's Houthi rebels. On Wednesday, in the international market, the price of Brent crude rose by 89 cents, or 0.8 percent, to $106.58 per barrel. At the same time, the price of US West Texas Intermediate (WTI) crude rose by 80 cents, or 0.9 percent, to $94.94.
615 views