SINGAPORE: Oil prices jumped more than five percent in Asia on Thursday after Saudi Arabian jets struck rebel targets in Yemen, with fears growing that a spiralling crisis in the country could threaten key crude producers in the Middle East.
US benchmark West Texas Intermediate (WTI) for May delivery rose $2.87, or 5.83 percent, to $52.08 while Brent crude for May rose $2.90, or 5.13 percent, to $59.38 in afternoon trade.
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