Oil Prices Surge Past $115 As Houthi Attacks Raise Supply Disruption Fears

Times of India · business

Crude oil prices climbed on Friday, with Brent crude nearing $116 a barrel due to Houthi attacks on Saudi energy infrastructure. These assaults, along with increased risks to shipping in the Gulf, have intensified concerns about potential supply disruptions. Both Brent and US West Texas Intermediate benchmarks are set for their fourth consecutive monthly rise, with WTI poised to close above $100 for the first time since April. The ongoing tensions and uncertainty surrounding diplomatic efforts continue to keep oil prices elevated.