WTI Soars To Near $74.50 As Supply Concerns Deepen After US Airstrikes On Houthi Group
January 12, 2024 at 06:25 AM EST
The oil price rises significantly as airstrikes from the US and its allies on Houthi rebels have deepened supply disruption concerns. The likelihood of a retaliation from Iran-backed Houthis is high, which could widespread conflicts in Middle East.