Oil futures jumped past $50 a barrel on Thursday, headed for their fifth straight daily gain as Saudi Arabian airstrikes in Yemen raised fresh concerns over potential disruptions to crude supplies.May crude CLK5, -1.79% climbed 98 cents, or 2%, to $50.19 a barrel on the New York Mercantile Exchange. It hit an intraday high of $52.48 a barrel, according to FactSet data.
May Brent crude LCOK5, -1.54% on London’s ICE Futures exchange rose $1.70, or 3%, to $58.18 a barrel.
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