Oil Hits Five-Month High as Houthi Attacks Rattle Middle East Supply

Oil prices rose to a five-month high after Houthi attacks in Saudi Arabia heightened concerns about Middle East energy supplies, while US Treasury yields fell sharply as investors sought safe-haven assets amid an AI-driven stock selloff. Brent crude futures climbed 4.22% to $113.40 per barrel, and US West Texas Intermediate rose 2.47% to $99.55. The 10-year Treasury yield dropped over 19 basis points to 4.953%, falling below 5% for the first time since September 23. Meta shares fell over 7% despite stronger-than-expected revenue, as investors weighed AI spending plans and a proposed new share class. Tesla declined over 2% after cutting its capital expenditure forecast and describing a gradual production ramp-up for its Optimus robot.