An article about the rise in oil prices today.
|Oil prices rosed to their highest in more than a year today after a Saudi-led coalition fighting in Yemen said it intercepted an explosive drone that was fired by an Iran-aligned Houthi group.
This raised fears of tensions in the Middle East.
Brent Crude went up 13 per cent at $63.09 a barrel.
U.S. West Texas Intermediate Crude Futures gained 86 cents or 1.5 per cent to $60.33 a barrel.
Oil prices have rallied in recent weeks also as supplies tighten due to cuts from the Organization of the Petroleum Exporting Countries.