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Oil Markets React to U.S. Strikes in Yemen While Awaiting Trump-Putin Talks

Oil Markets React to U.S. Strikes in Yemen While Awaiting Trump-Putin Talks

Oil prices rose Tuesday, marking the third consecutive gain as tensions increased in the Middle East following U.S. strikes on Iran-backed Houthi rebels in Yemen.

WTI crude rose 1.5% to $68.60 per barrel, while Brent crude increased 1.4% to $72.07.

The market is also watching President Trump’s scheduled call with Russian President Putin regarding a potential Ukraine cease-fire, which could impact energy markets if Russian energy flows resume.

Eight more from the desk

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