Brent Jumps $4 a Barrel to Five-Month High on Houthi Attack Supply Fears
JH Kim
Summary
- International oil prices continued to rise as fears of crude supply disruptions in the Middle East intensified.
- Brent extended its gains as supply concerns in the Middle East deepened following attacks by Houthi militants.
- Brent jumped $4 a barrel to its highest level in five months.
Forecast Trend Report by Period
International oil prices extended their gains as concerns mounted over potential disruptions to crude supply in the Middle East. Brent crude jumped $4 a barrel to its highest level in five months.
In international crude futures trading on October 22, Brent added to its gains as Houthi attacks stoked supply fears in the Middle East.
Continuing attacks by Houthi militants fueled worries that crude supplies from the region could be disrupted, lifting oil prices.
Brent rose $4 a barrel to its highest level in the past five months.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.