- Tension rises in middle East as Oil Price increases
The world’s most actively traded commodity, Crude Oil prices went up on Monday after a Saudi oil facility was targeted in a drone attack by Yemen’s Houthi group on Saturday. Concerns over global oil demand and the lack of progress regarding the trade dispute between the world´s two biggest economies curbed gains. Both US crude and Brent crude rose as much as 0.7% to $55.17 and $59.18 a barrel, respectively, around 06:50 AM New York time. Historically, Crude oil reached an all time high of 147.27 in July of 2008 and a record low of 1.17 in February of 1946.
