Ground troops will be in the next phase in the Saudi assault on rebels in Yemen, reports CNBC's Michelle Caruso-Cabrera.» Read More
*Oil rises on fears of Middle East supply disruption over Yemen. *Gold tops $1,200 an ounce. NEW YORK, March 26- Stock markets worldwide were knocked lower and oil prices jumped on Thursday after Saudi Arabia and its allies carried out air strikes in Yemen that fueled worries Middle East energy shipments may be put at risk, although Wall Street later recovered.
According to the Associated Press, there will now be ground troops moving into Yemen from Saudi Arabia. More insight, with CNBC's Michelle Caruso Cabrera.
Saudi Arabia and Egypt will lead a ground operation in Yemen against rebels after a campaign of airstrikes, officials said.
Losses were bigger in Europe after Saudi Arabia launched strikes on key military installations in Yemen. The price of oil rose $1.30 to $50.51 a barrel in New York. SanDisk dropped 17 percent, the most in the S&P 500, after the maker of flash memory chips cut its revenue forecast.
Francisco Blanch, Bank of America Merrill Lynch, discusses geopolitics, emerging markets, and oil prices in relation to Saudi Arabia going to war in Yemen.
CNBC's Jackie DeAngelis reports natural gas inventories as the Department of Energy comes out with its weekly report.
Investors continued to watch the Middle East, where Saudi Arabia has launched strikes on key military installations in Yemen. Despite the tension in the Middle East and the plane crash in Europe, investors were generally not moving into their traditional havens of safety. ENERGY: Oil prices jumped as concerns of spreading turmoil in the Middle East after Saudi...
Dennis Gartman, The Gartman Letter, provides his thoughts on oil and the euro.
Brian Belski, BMO Capital Markets, provides perspective on the drastic drop in the Dow and whether the Apple trade is crowded
Royal Dutch Shell plans further job cuts in its UK North Sea oil and gas business in 2015, adding to its cost cuts in response to falling oil prices.
CNBC's Michelle Caruso-Cabrera reports Brent crude prices rose, after Saudi Arabia began military operations against Yemen. This is a classic proxy war, says Caruso-Cabrera.
*Oil rises on fears of Middle East supply disruption. LONDON, March 26- Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies. "Oil is having a nice move after more geopolitical tensions in the Middle East over...
Norman Chan, Investment Director at NAB Private Wealth Advisory, says Yemen's influence on oil markets is likely to be limited in the medium to long term.
Following Woodside Petroleum's recent bond sale, CEO Peter Coleman says it's important for companies to be able to borrow money when they can.
*War-torn Yemen sits on the Gulf of Aden. *Tankers to Asia do not pass through Gulf of Aden. TOKYO/ SINGAPORE, March 26- 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...
WTI settled at its highest levels since March 4 after Saudi Arabia and its Gulf Arab allies began airstrikes in Yemen.
TOKYO, March 26- Crude oil prices rose by around 1 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, including airstrikes. Analysts had earlier said they were worried a proxy war might break out on the Arabian peninsula, home to the world's biggest oil fields, if the conflict drew in Saudi Arabia and rival Iran.
TOKYO, March 26- Crude oil prices were steady on Thursday despite Saudi Arabia and its Gulf Arab allies launching a military operation in Yemen, including airstrikes. *U.S. crude for May delivery was down 16 cents at $49.06 a barrel as of 0033 GMT. *Saudi Arabia and its Gulf Arab allies launched a military operation involving air strikes in Yemen against Houthi...
"Fast Money" traders discussed how to play Wednesday's selloff in biotech, transportation and technology names.
The U.S. Justice Department said on Wednesday that Schlumberger admitted violating U.S. sanctions related to Iran and Sudan.