Oil up 1 per cent as U.S. vows to keep attacking Houthis

News Snapshot:

Oil prices opened about 1% higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping. Brent futures rose 72 cents or 1.02%, to $71.30 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude futures also rose 72 cents, or 1.1%, to $67.90 a barrel. The U.S. air strikes, which the Houthi-run health ministry said killed at least 53 people, are the biggest U.S. military operation in the Middle East since U.S. President Donald Trump took office in January. One U.S. official told Reuters the campaign might...