According to Reuters, oil prices were trading higher in response to tensions in the Middle East. On May 16th, the price for West Texas Intermediate crude oil added 1.4-percent, rising to $62.87 per barrel. The price for Brent crude oil jumped over 1.5-percent, bringing the international benchmark to $72.88 a barrel. The prices rose sharply after news broke that a Saudi-led coalition launched air strikes over Yemen in retaliation for recent attacks on its oil infrastructure.

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  • Uploaded    05/16/2019
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