Oil falls below $114 after renewed Houthi insurgency attacks on Saudi targets

The price of Brent crude oil surpassed 114 dollars per barrel, reaching its highest level in more than five months following renewed attacks by Houthi insurgents against Saudi targets. The upward movement in the oil market occurred prior to the opening of European stock exchanges.

Concurrently, the Spanish stock market's Ibex 35 index opened a Friday session with a 0.36 percent increase, approaching the 19,000-point threshold to sit at 18,981.5 points. Broad market conditions continue to be shaped by these ongoing economic and geopolitical developments.