Daily Market Updates: Oil edges toward $100 after Houthi claim of Red Sea strikes

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Oil edges toward $100 after Houthi claim of Red Sea strikes

Brent crude was quoted above $98 a barrel after the rebel group claimed attacks on Saudi Arabian tankers in the Red Sea, lifting prices near the $100 level.

Reported · Written up by our desk · Energy

Oil prices moved closer to $100 a barrel after a report that the Houthi rebels claimed strikes on vessels in the Red Sea, MarketWatch reported.

Brent crude rose to more than $98 a barrel following the news, adding to upward pressure in energy markets as the incident circulated.

Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%

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MarketWatchOil nears $100 a barrel after Houthis claim strikes on Saudi Arabian tankers

Commodities

Oil edges toward $100 after Houthi claim of Red Sea strikes

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