Oil hits 13-month high as Middle East fears prompt more buying
Saudi-led coalition in Yemen says it intercepted an explosive-laden drone fired towards the kingdom
15 February 2021 - 07:43
Tokyo — Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a US stimulus and an easing of lockdowns will buoy fuel demand provided support.
Brent crude was up $1.09, or 1.8%, at $63.52 a barrel at 6.28am, after climbing to a session high of $63.76, the highest since January 22, 2020...
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