Houthi attack on Saudi refinery pushes oil prices up over 2%
On the 28th, Yemen's Houthi group attacked a Saudi Arabian refinery, while fighting inside Yemen expanded. Markets are worried that the United States could resume military operations against Iran after the November midterm elections, adding to risks of supply disruption. Brent crude futures rose $1.55, or 1.4%, to $115.43 a barrel, and West Texas Intermediate futures gained $2.92, or 2.9%, to $102.82 a barrel. Brent entered overbought territory for the fourth time in five trading days. Yemen's government forces said the Houthis also attacked Aden airport the same day.