Oil hit 7-year highs as tight supply bites

Summary by Ground News

Yemen's Houthi fighters claimed to have launched a drone strike on the United Arab Emirates. West Texas Intermediate oil also briefly rose above $85 a barrel, the first time since October. Goldman Sachs Group Inc. raised its Brent forecasts through 2022 and 2023, predicting $100 oil in the third quarter.

4 months ago

News Articles

Times of India

Oil rises to more than 7-year high on Mideast tensions

Oil prices rose on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.

4 months ago·Mumbai, India

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Reuters

Oil hit 7-year highs as tight supply bites

Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook.

4 months ago·United Kingdom

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The Guardian

New UK cost of living threat as oil rises to highest price in seven years

With petrol and diesel already close to record highs, driving costs look likely to increase again

4 months ago·London, United Kingdom

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CNBC

UAE is 'cleverer' than regional players, and its stability will remain despite Houthi attack: Professor

Angus Blair of The American University in Cairo discusses the attack on the United Arab Emirates that was claimed by Yemen's Houthis, and the effects that might have on the UAE's image as an "island of calm."

4 months ago·United States

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RTÉ

Oil climbs to more than 7 year high on Mideast tensions

Oil prices rose more than $1 today to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates.

4 months ago·Ireland

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Channel News Asia

Oil rises to more than 7-year high on Mideast tensions

MELBOURNE : Oil prices rose on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.The "new geopolitical tension added to on

4 months ago·Singapore

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