The Traderszone Network

Published in TZ Latest News 23 April, 2015 by The TZ Newswire Staff

Crude Oil Hits 4-Month High On Yemen Crisis

Crude climbed to a four-month high after Saudi Arabia renewed its aerial assault on Shiite rebels in Yemen, bolstering concerns that Middle Eastern oil shipments may be disrupted. Futures rose 2.8% in New York and 3.4% in London as the Saudi-led raids marked an escalation of the civil war in Yemen, a country located among major oilfields and adjacent to key shipping routes.

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