Oil prices extended their rally for a fifth consecutive session on Thursday after Yemen’s Iran-aligned Houthis claimed an attack on two Saudi oil tankers transiting through the Red Sea, raising fears of further disruption to crude supplies.
Brent crude futures traded up more than 4 percent at $98.27 a barrel amid heightened concerns over potential disruptions to global oil supplies. WTI crude futures were up 3.6 percent at $89.98.
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Oil Extends Surge On Supply Fears
2026-07-23 09:59:08
