Ammon News - Brent prices rose to their highest since May on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude oil supplies from the world's key exporting region.
Brent crude futures climbed $3.35 or 3.08%, to $112.17 a barrel by 0818 GMT, the highest since May 18. They hit $112.55 a barrel earlier in the session.
US West Texas Intermediate crude gained $2.68, or 2.76%, to $99.83.
Morgan Stanley analysts estimated in a note that Middle East crude oil exports were around 17 million barrels per day last week.
the S&P 500 climbing nearly six-tenths and the Nasdaq gaining one percent.
Reuters
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