US Stock Market Move | Oil stocks broadly rise; BP p.l.c. Sponsored ADR (BP.US) gains over 3%.

On Thursday, oil stocks rose broadly. BP p.l.c. Sponsored ADR (BP.US) gained over 3%, while Petroleo Brasileiro (PBR.US), Occidental Petroleum Corporation (OXY.US), ConocoPhillips (COP.US), Exxon Mobil Corporation (XOM.US), and Chevron Corporation (CVX.US) each rose over 2%. International oil prices continued to climb, with WTI crude oil rising as much as 5% intraday to $92.72 per barrel. On the news front, on the 8th local time, Saudi Arabia once again launched airstrikes on a communications network facility in Sanaa Province, Yemen, Hodeidah Airport in Hodeidah Province, and targets in Ibb Province. Earlier on the 8th, Yemen's Houthi armed group claimed it had once again struck King Khalid International Airport in Riyadh, the capital of Saudi Arabia, and launched attacks on Yemeni government forces near the Bab-el-Mandeb Strait. Houthi military spokesman Yahya Saree said in a statement on social media that day that a ballistic missile "precisely hit" King Khalid International Airport, affecting flight operations at the airport.