Reuters | Oil prices rise more than $1 on Middle East tension Reuters Yemen is a tiny oil producer but the Bab el-Mandeb Strait on its southern coast controls access to the Red Sea, Suez Canal and the ports of western Saudi Arabia, the world's biggest exporter of crude. Brent oil for June was up $1.37 at $64.10 a barrel ... Oil futures edge higher as dollar gains fade US oil inventories surge to another 80-year high US Oil Prices Drop After Inventory Data |