Oil prices soaring as much as 5 percent after Saudi Arabia started airstrikes in Yemen. This as the Yemeni President fled a southern port city in Yemen as Iranian Militants closed in. Oil rises on concern that its proximity to transit hubs for oil could disrupt the flow of oil. A unit of Schlumberger will please guilty to violating Iran and Sudan sanctions. The oil services giant will pay $232 million dollars to end the Justice Department investigation. The government lately has been cracking down on U.S. companies doing business in countries that are off limits. Red Hat’s profit beat estimates on its cloud based products.
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