International benchmark Brent crude futures jumped above $70 for the first time in more than a year on Monday, before giving back those gains to trade in the red.
The surge in prices came after Saudi Arabia said its oil facilities were targeted by missiles and drones on Sunday. A Houthi military spokesman claimed responsibility for the attacks.
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More News On The War Between Yemen's Houthi Rebels And Saudi Arabia
Saudi-led coalition bombards Yemeni capital after Houthi drone attacks -- Middle East Eye
Saudi-led coalition launches air raids on Yemen’s Sanaa -- Al Jazeera
One of World's Largest Oil Shipping Ports Targeted in Drone Attack, Saudi State Media Report -- Sputnik
Yemen's Houthis say fired drones, missiles at Saudi oil facilities, military sites -- Times of India
Houthis strike Saudi oil giant’s facilities in the kingdom’s east -- Washington Post