"Middle East Tensions Drive Oil Prices to $110 Amid Volatile Trading"
TL;DR Summary
Oil prices surged over US airstrikes on Houthi rebels in Yemen following attacks on ships in the Red Sea, with President Biden confirming successful strikes on Iranian-backed group targets. Global benchmark Brent crude rose over 2.5% to above $79 a barrel as investors assessed the potential for broader conflict in the Middle East.
- Latest Oil Market News and Analysis for Jan. 12 Bloomberg
- Traders Speculate on $110 Oil As Middle East Tensions Escalate OilPrice.com
- Oil Rises Sharply Amid Escalation of Tensions in Middle East The Wall Street Journal
- WTI recovers recent losses as Houthis criticized UN resolution, trades near $71.70 FXStreet
- Crude Oil Futures Settle Higher in Volatile Session Barron's
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