Oil gains as US storm and Houthi air strikes threaten supply

Arab News ·
Saudi Arabia

SINGAPORE: Oil prices climbed on Wednesday as the market ​weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed ‌Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 81 cents, or 0.8 percent, to $101.39 a barrel by 09:35 a.m. Saudi time. US West Texas Intermediate crude futures gained 61 cents, or 0.7…

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