The record
Written from the 1 report below. Nothing here is unsourced.
- Brent crude oil prices rose above $95 per barrel, climbing as much as 1.4% after closing at a six-week high in the previous session.
- The increase followed Houthi attacks on Saudi tankers that heightened tensions in the Middle East.
- West Texas Intermediate crude, the US benchmark, was trading near $88 a barrel.
- Rising oil prices matter because they can feed into higher fuel and transport costs for consumers and businesses.
What to watch next
- Whether Middle East tensions, including further attacks on tankers, continue to push prices higher
- Whether Brent holds above $95 or pulls back from its six-week high
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Named Saudi Arabia · Yemen · Brent Crude · Houthis · West Texas Intermediate
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