TOKYO/SINGAPORE (Reuters) - Brent crude oil prices rose by more than a dollar in early Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although Asian importers said they were not immediately worried about supply disruptions. Brent crude oil futures (LCOc1) rose to 57.95 a barrel at 0215, up almost $1.50 since their last settlement. "Yemen is not a big supplier of oil... This could help move oil prices partly, but we don't see this will disrupt actual oil supply," said Kim Woo-kyung, a spokeswoman at SK Innovation , a parent company of South Korea's largest refiner SK Energy. "It is becoming like a proxy war between Sunnis (in Saudi Arabia) and Shi'ites (in Iran) so it is a source of concern," said Norihiro Fujito of Mitsubishi UFJ Morgan Stanley Securities.
via Business News http://ift.tt/1Gph3Br
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