Brent crude traded higher on concerns over a disruption to oil supplies support due to fights in Yemen

Market news

24 April 2015

Brent crude traded higher on concerns over a disruption to oil supplies support due to fights in Yemen

Brent crude traded higher on concerns over a disruption to oil supplies support due to fights in Yemen. Saudi Arabia resumed airstrikes against the Iran-allied Houthi rebels in Yemen.

A weaker greenback, the solid economic data from the Eurozone and Asia also supported oil prices.

WTI crude oil for June delivery declined to $56.94 a barrel on the New York Mercantile Exchange. Brent crude oil for June rose to $65.06 a barrel on ICE Futures Europe.

European stocks closed: FTSE 100 7,070.7 +17.03 +0.24% CAC 40 5,201.45 +22.54 +0.44% DAX 11,810.85 +87.27 +0.74%

Gold price hits 5-week lows despite a weaker U.S. dollar and the Greek debt crisis

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