Crude oil adds to gains after Houthis attack two Saudi tankers in the Red Sea

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U.S. crude oil added another 2% post-market Wednesday to ~$88/bbl after Iran-backed Houthi rebels said they targeted two Saudi Arabian tankers in the Red Sea, further escalating the Middle East conflict. The Houthis said they attacked the two vessels with

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US crude oil prices rose 2% to ~$88 per barrel due to escalating Middle Eastern conflict following a naval patrol attack. As a result, oil prices are rising, and investors should prepare for the surge in oil prices.

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