Oil prices rose sharply amid concerns of supply disruption due to fighting between a Saudi-led coalition and Houthi rebels in Yemen, as per nytimes.com. Prices spiked on news that Saudi Arabia had bombed targets in Yemen. In early afternoon trading in New York, the West Texas benchmark was up 4.5% to US$51.4 and Brent crude was up almost 5% to US$59.2.
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