While you were sleeping: Middle East concern lifts oil

Thu, 26 Mar 2015

By Margreet Dietz March 27 (BusinessDesk) - Oil rose while stocks fluctuated after Saudi Arabia and its Arab Gulf allies began air strikes on Yemen, bolstering concern about disruption of supply. Benchmark Brent climbed as much as 5.8 percent earlier, while West Texas Intermediate futures rallied as much as 6.6 percent. “While thousands of barrels of oil from Yemen will not be noticed, millions from Saudi Arabia will matter,” John Vautrain, who has more than 30 years of experience in the energy industry and is the head of Vautrain & Co...

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