John Monaco, right, works with fellow traders on the floor of the New York Stock Exchange, Thursday, Feb. 26, 2015. (AP Photo/Richard Drew)
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Stock markets worldwide were knocked lower and oil prices jumped Thursday after Saudi Arabia and its allies carried out airstrikes in Yemen that fueled worries Middle East energy shipments may be put at risk, although Wall Street later recovered.The price of U.S. crude was up 4.5 percent at $51.41 a barrel after reaching $52.48 . The MSCI world equity index, however, which tracks shares in 45 countries, was last off 0.7 percent.The dollar was last at 119.28 yen, off 0.18 percent.Wall Street's Dow Jones industrial average was last down 12.42 points, or 0.07 percent, to 17,706.12, the S&P 500 lost 0.13 points, or 0.01 percent, to 2,060.92 and the Nasdaq Composite dropped 2.85 points, or 0.06 percent, to 4,873.68 .
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