Oil Futures Jump as Middle East Escalation Raises Supply Worries
Crude oil prices rose to new multimonth highs, with Brent and WTI futures settling above $100 a barrel as escalating attacks on Middle East shipping and renewed Houthi strikes on Saudi Arabia increased concerns about supply from the region.
U.S. Crude Oil Stockpiles Fall, Production Hits Record
Commercial crude oil stocks fell by 391,000 barrels last week. Analysts had expected crude stocks to fall by 1.4 million barrels.
Why Baker Hughes Stock Is Having Its Worst Day in More Than a Year
