News Wrap

IN TODAY'S News Wrap: Yemen conflict helps drive oil prices to fresh 2015 highs; weather threatens Moomba to Adelaide pipeline repairs; and state-run Indian oil giant unleashes long term $US176 billion ($A226 billion) exploration campaign.

Oil prices rally on Yemen anguish

June-delivery Brent continued its upward trend by rising 1% overnight to $63.98 a barrel - the highest price since December 10.

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