OIL PRICE: NEAR $64
REUTERS - Oil prices were on track to jump more than 7% this week, their biggest weekly gain in months, on rising Middle East tensions after a key Saudi Arabian supply hub was knocked out in an attack last weekend.
A Saudi-led coalition launched a military operation north of Yemen's port city of Hodeidah, as the United States worked with Middle East and European nations to build a coalition to deter Iranian threats after the Saudi attack.
Brent crude LCOc1 was up 7.7% since last Friday's close, the biggest weekly rise since January. The front-month…
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