Global Oil Prices Edge Higher After Houthi Attacks on Saudi Facilities

ISLAMABAD:Global crude oil prices edged higher after Yemen’s Houthi rebels attacked a military training camp and again targeted Saudi Arabia’s energy infrastructure, airports and military installations.

According to reports, Brent crude futures rose by 17 cents, or 0.15 percent, to reach $110.03 per barrel.

Earlier in the trading session, Brent prices had fallen by more than $3 per barrel as investors took profits.

Meanwhile, US West Texas Intermediate (WTI) crude futures also increased by $1.68, or 1.66 percent, to reach $103.09 per barrel.

The latest developments have heightened concerns over regional security and potential disruptions to global energy supplies, contributing to renewed upward pressure on oil prices.

Clarify the sequence of price movementsUse a more neutral headline