Oil prices rise on Houthi attacks and US storm
Oil prices rose as Houthi attacks on Saudi Arabia and a storm approaching U.S. production areas stoked supply concerns.
Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
Oil prices rose on Wednesday. 13 Brent crude traded above $101 a barrel Wednesday morning. 2 Yemen's Iran-backed Houthis attacked Saudi sites. 123 A storm moved toward U.S. oil-producing areas. 12
Why it matters
The attacks and storm raised concerns over global supply. 12 Supply concerns outweighed higher crude supply in the Middle East. 3
Sources · 3
[1]Oil climbs as U.S. storm and Houthi attacks raise supply concerns (USO:NYSEARCA)
seekingalpha.com · via Marketaux
[2]Brent crude oil price rises above $101 on US hurricane threat, Houthi attacks
thehindubusinessline.com · via Marketaux
[3]Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery
cnbc.com · via Marketaux
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