Oil settles higher on vaccine progress and reports of attack on Saudi oil facilities

Oil settles higher on vaccine progress and reports of attack on Saudi oil facilities
Myra P. Saefong
·3 min read

Oil futures finish higher on Monday, as reports that Yemen's Iran-backed Houthi rebels attacked Saudi oil facilities lifted tensions in the oil-rich Middle East. Support from sizable progress in European efforts to vaccinate against COVID-19 also offset some pressure from a global rise in cases of the virus.