Oil prices rise as tensions flare in Yemen, peace hopes dented in Ukraine
Dec 29 – Oil prices rose by more than $1 on Monday as traders braced for potential supply disruptions in the Middle East due to rising tensions in Yemen, and Russia accused Ukraine of launching a drone attack on its President Vladimir Putin’s residence.
Brent crude futures rose $1, or 1.7%, to $61.64 a barrel by 1:18 p.m. ET , while U.S. West Texas Intermediate crude was up $1.10, or 1.9%, at $57.84.
