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Oil prices jump after Yemeni Houthis attack Israel, widening Iran conflict

Oil prices jump after Yemeni Houthis attack Israel, widening Iran conflict

Oil prices jump after Yemeni Houthis attack Israel, widening Iran conflict 150 150 admin

March 30 (Reuters) – Oil prices extended gains on Monday after Yemen’s Iran-aligned Houthis launched over the weekend their first attacks on Israel since the start of the U.S.-Israel war with Iran, widening the conflict in the Middle East.

Brent crude futures jumped $3.16, or 2.81%, to $115.73 a barrel by 2205 GMT after settling 4.2% higher on Friday.

U.S. West Texas Intermediate was at $102.77 a barrel, up $3.13, or 3.14%, following a 5.5% gain in the previous session.

(Reporting by Florence Tan; editing by Jonathan Oatis)

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