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Oil prices gain on fall in U.S. crude stockpiles

Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand. Brent crude LCOc1 futures were up 21 cents or 0.5% at $42.24 a barrel by 1114 GMT,...

Saudi-led coalition launches operation against Yemen rebels

The Saudi-led military coalition Thursday confirmed it has launched a major operation against Yemen's Huthis and warned it would target the rebel leadership following missile and drone attacks on the kingdom. Residents of rebel-held capital Sanaa told AFP they heard loud explosions and saw...