00:00It's Benzinga bringing Wall Street to Main Street
00:02Oil prices fell Friday as investors weighed renewed strikes between Saudi Arabia and Yemen's
00:07Iran-backed Haouthis against signs that additional Saudi crude could reach global markets, according
00:12to CNBC.
00:13Brent crude futures fell 2.2% to $102.57 per barrel, while U.S. West Texas intermediate
00:19futures dropped 1.9% to $100.05 after briefly falling below $100.
00:26Saudi Arabia and the Haouthis exchanged attacks Thursday, raising concerns about further disruptions
00:32to Middle East energy supplies.
00:33However, reports that Saudi Arabia is routing some crude shipments to Asian buyers through
00:37Oman eased fears of a larger supply disruption.
00:40XS.com's Simon Peter Masabny said near-term oil prices will likely remain highly sensitive
00:46to geopolitical developments and Middle East export disruptions.
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