Report
Oil prices rise as storm and air strikes threaten supply
Reuters reports the market weighed a storm heading for US oil-producing regions and Houthi attacks on Saudi Arabia against increased Middle East crude supplies.
TLDR
Reuters reports oil prices rose on October 7 as the market weighed supply threats from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia. Increased supplies of Middle East crude were also part of the picture.
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