Oil climbs more than $1 on fresh Houthi attacks
- Oil prices increased by over $1 per barrel due to renewed Houthi attacks.
- Brent crude futures rose by $1.93 (1.77%) to $110.75, while US West Texas Intermediate crude gained $1.43 (1.47%) to $98.58.
- The US State Department plans to withdraw family members from several Gulf missions amid escalated violence in the region.
- US crude stocks fell by 3.06 million barrels, contrary to expectations, indicating ongoing supply issues amid rising global prices.
