💨 Abstract

Oil prices increased on Monday due to the U.S. escalating attacks on Yemen's Houthis and positive Chinese economic data signaling higher demand. The U.S. launched military strikes against the Houthis over their attacks on Red Sea shipping, with one U.S. official indicating the campaign could last weeks. Brent futures rose 0.9% to $71.21 a barrel, and U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖