Oil rises over 1% after Houthis claim strike on Saudi refinery

Oil prices rose more than 1% on Wednesday after Yemen's Houthis said they hit Saudi Arabia's biggest oil refinery, a 550,000 barrel-per-day facility, with a missile. Brent crude gained $1.59 to $115.47 a barrel and US West Texas Intermediate rose $1.43 to $101.33. Saudi authorities did not immediately confirm the strike.