US Airstrikes in Yemen Boost Oil Prices

CosmicTaco · 2025-03-17T10:27:43.303694+05:30

- Oil prices opened about 1% higher on Monday following US airstrikes in Yemen. - Brent futures rose 72 cents to $71.30 a barrel, while WTI crude futures increased by 72 cents to $67.90 a barrel. - The US military operation, the largest since Trump took office, aims to stop Houthi attacks on shipping. - Goldman Sachs analysts cut oil price forecasts due to slower US economic growth and higher OPEC+ supply. - US consumer sentiment hit a 2-1/2-year low in March amid inflation concerns from Trump's tariffs. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/commodities/news/oil-up-1-as-us-vows-to-keep-attacking-houthis/articleshow/119094344.cms), [Hindustan Times](https://www.hindustantimes.com/business/oil-prices-rise-as-us-vows-to-continue-operation-against-houthis-for-weeks-101742172658208.html)

Oil prices opened about 1% higher on Monday following US airstrikes in Yemen.
Brent futures rose 72 cents to $71.30 a barrel, while WTI crude futures increased by 72 cents to $67.90 a barrel.
The US military operation, the largest since Trump took office, aims to stop Houthi attacks on shipping.
Goldman Sachs analysts cut oil price forecasts due to slower US economic growth and higher OPEC+ supply.
US consumer sentiment hit a 2-1/2-year low in March amid inflation concerns from Trump's tariffs.

Source: The Economic Times, Hindustan Times