Oil prices up after new strikes on Saudi infrastructure

Oil prices on Monday leaped more than 4 percent after Yemen-based militant Houthis struck Saudi Arabia's infrastructure and ships, leaving one crucial pipeline out of service for weeks. The global benchmark for crude oil, Brent crude, settled at $105.66 per barrel as of Monday afternoon. West Texas Intermediate (WTI), the benchmark in the U.S., rose...

Oil prices on Monday leaped more than 4 percent after Yemen-based militant Houthis struck Saudi Arabia's infrastructure and ships, leaving one crucial pipeline out of service for weeks. The global benchmark for crude oil, Brent crude, settled at $105.66 per barrel as of Monday afternoon. West Texas Intermediate (WTI), the benchmark in the U.S., rose...