Oil prices surge 4% after Houthi attack on Israel, head for third straight monthly gain. What’s the near-term outlook?
US-Iran war: Oil prices extended their rally on Monday, March 30, with Brent crude on track for a record monthly surge, after Yemeni Houthi forces carried out their first attacks on Israel over the weekend, further escalating the US-Israel conflict with Iran in the Middle East.
Brent crude climbed as much as 3.7% to $116.75 per barrel on Monday, while West Texas Intermediate rose above $100 before trimming its gains.
