Saudi Arabia’s launch of airstrike in Yemen sparked geopolitical tensions in the Middle East, sending crude oil prices higher amidst concerns over disruption of oil shipment. The front-month contract for WTI crude oil jumped to as high as 52.48, a level not seen since mid-February, before settling at 51.43, up +4.51%.
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Saudi’s Strike in Yemen Sparked Tensions in Middle Ease, Crude, Gold and USD Higher
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