Oil prices rise on US attack on Houthis and China economic hopes


LONDON: Oil traded higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping while Chinese economic data fuelled hopes for higher demand.

U.S. President Donald Trump launched military strikes against the Houthis on Saturday over the group's attacks against Red Sea shipping. One U.S. official told Reuters the campaign might continue for weeks.

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