Oil prices rise for a fifth day as U.S.-Iran hostilities threaten supply routes
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Article Excerpt
Oil prices rise for a fifth day as U.S.-Iran hostilities threaten supply routes
ANUSHREE MUKHERJEE
REUTERS
PUBLISHED 1 HOUR AGO
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Oil prices hit their highest in more than a month on Thursday, rising for a fifth day after Yemen’s Houthis said they struck two Saudi oil tankers, raising fears that disruption to global oil supplies could spread beyond the Strait of Hormuz.
Brent crude futures were up US$4.52, or 4.8 per cent, at US$98.59 a barrel for their h…
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