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Oil prices rose on Wednesday, with Brent crude up 1.17% to $101.76, as concerns about Houthi attacks on Saudi Arabia overshadowed the resumption of supply.
Oil prices rose on Wednesday, with international benchmark Brent crude December futures up 1.17% to $101.76 per barrel, and U.S. West Texas Intermediate (WTI) crude November futures up 1.26% to $90.57 per barrel. Market concerns over Houthi attacks in Yemen on Saudi Arabia outweighed the impact of resumed crude oil supply from the Middle East. According to the Saudi Aviation Authority, the country's Jizan and Najran airports were attacked twice on Tuesday, raising fears of disruptions to Middle East crude oil supply.
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