Crude Oil Prices At 7 Year High Over Supply Fears After Houthi Rebels Target Abu Dhabi Oil Facility

On January 18, oil prices hit its highest level in seven years. Recently, a suspected drone attack in Abu Dhabi in the United Arab Emirates blew up three fuel tankers. The Yemeni Houthi rebels took responsibility for the attack. Three people lost their lives in the attack near the Abu Dhabi airport. Brent crude jumped almost 1 per cent to hit $87.22 a barrel. Watch the video to know more.

(The above story first appeared on LatestLY on Jan 20, 2022 01:04 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).