Oil rallies as US, UK strike Huthis, stocks mixed after US CPI
Oil prices surged Friday after US and UK forces launched strikes against Iran-backed Huthi rebels in Yemen following attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.News of the US-UK strikes, which President Joe Biden said also had support from Australia, Bahrain, Canada and the Netherlands, sent oil prices up more than two percent Friday, with analysts saying WTI could pass $75 and Brent could top $80.