Oil prices jump more than $2 a barrel as Ansarallah operations in Saudi Arabia fuel fears of further supply disruptions

Oil prices rose by more than $2 per barrel on Thursday as Ansarallah operations in Saudi Arabia heightened fears of additional disruptions to crude supplies from the world’s key oil-exporting region.

By 06:26 GMT, Brent crude futures had gained $2.82, or 2.59%, to $111.64 per barrel, approaching a five-month high. U.S. West Texas Intermediate crude rose $2.24, or 2.31%, to $99.39 per barrel.