Quote:
Originally Posted by Donger
SAN FRANCISCO (MarketWatch) — Oil futures jumped past $50 a barrel on Thursday, headed for their fifth straight daily gain as Saudi Arabian airstrikes in Yemen raised fresh concerns over potential disruptions to crude supplies.
May crude CLK5, +1.79% climbed 98 cents, or 2%, to $50.19 a barrel on the New York Mercantile Exchange. It hit an intraday high of $52.48 a barrel, according to FactSet data.
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Never realized how much oil Yemen produced......