``Crude-oil prices jumped after a U.S.-led coalition launched air strikes against rebel Houthi targets in Yemen, raising concerns of a further escalation of conflict in the Middle East that could disrupt oil and gas supply.
Front-month Brent crude oil futures rose nearly 2% immediately after the U.S. and U.K. launched the strikes, and were up 2.6% to $79.40 a barrel early in Europe. U.S. benchmark WTI futures rose 2.7% to $73.98 a barrel.
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