Oil prices are rising on Wednesday morning amid reports of new Houthi strikes on Saudi Arabia.

Accordingly, Brent crude oil futures for December delivery are trading at $115.46 a barrel on the ICE Futures stock exchange in London, up by $1.58 (1.39%) from their previous day’s close. They had fallen $1.93 (1.67%) to $113.88 a barrel on Tuesday.

And WTI crude oil futures for December delivery have risen $1.45 (1.45%) to $101.35 a barrel in online trading on the New York Mercantile Exchange (NYMEX). In the previous trading session, they had fallen by $1.86 (1.83%) to $99.9 a barrel.