Oil prices have slipped, shortly “after key Brent crude hit a 2015 high,” reports Reuters.

That’s because, the outlet adds, “Saudi Arabia’s plan to halt bombing in Yemen eased tensions over the security of supplies from the Middle East.” Read more.

Also read:

How shipping costs affect global oil prices

Oil price surge could boost inflation

Oil companies learning from price dip

Energy funds rebound: Morningstar data

Benefit from energy without energy price exposure