(RT) Brent and WTI added more than 4 percent after Saudi Arabia and its allies launched a military operation in Yemen against Shiite Houthi rebels. Saudi Arabia is the biggest oil supplier in the region, and southern Yemen is home to many LNG hubs.
WTI shot up more than 6.43 percent to $52.38 per barrel, and Brent climbed to $59.71, a 5.72 percent increase at 11:00 am Moscow time. Saudi Arabia and nine allied countries began airstrikes at 11 pm GMT, deploying a total of 70 fighter jets.
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What's going on with oil pic.twitter.com/cecJRgpyUm
— zerohedge (@zerohedge) March 26, 2015
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