Oil hits five-month high as Houthi attacks stoke supply fears

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Oil prices have climbed about three per cent to a five-month high after Houthi attacks in Saudi Arabia stoke concerns of further disruption to energy supplies from the key exporting region, Reuters reports.

Brent futures rose $3.51, or 3.2pc, to $112.33 a barrel at 1705 GMT (10:05pm PKT), while US West Texas Intermediate crude rose $2.14, or 2.2pc, to $99.29.

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