Oil Rises After Houthi Attack on Saudi Vessels in Red Sea
United States Oil Fund (NYSE:USO) shares are climbing Thursday after Yemen's Houthi rebels ignited a new flashpoint in the Middle East conflict, striking two Saudi tankers in the Red Sea.
When there's fighting in the Middle East, oil prices can go up because people worry about oil supplies getting disrupted. This is one reason oil-related stocks like USO move up or down—so watch for news about conflicts in areas where oil comes from.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.