Oil surges, Brent tops $103 after Houthi attack on Saudi Aramco sites

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Summary · why it matters

Global oil prices climbed after Yemen's Iran-backed Houthi group said it fired missiles and sent drones at Saudi Aramco facilities in Riyadh and the Khurais area, raising concerns over oil production in Saudi Arabia, the region's largest oil exporter. Brent crude rose 81 cents, or 0.79%, to $103.06 a barrel at 22:02 GMT, while U.S. West Texas Intermediate crude gained 46 cents, or 0.50%, to $91.57 a barrel. The rally comes amid worries that attacks on Saudi Arabia's energy infrastructure could hit oil production and supply, with tensions in the Middle East still running high.

Impact on assets 2

Others▲ · 2 stocks
⛏Crude Oil WTI Futures
WTI
▲ PositiveSupplyrelevance

Houthi attacks on Saudi Aramco facilities raise concerns over oil production and supply, lifting WTI crude.

Off-coverage companies 1

Saudi AramcoPrivate▼ Negative
Geopoliticsrelevance

Houthi missiles and drones targeted Saudi Aramco facilities in Riyadh and Khurais, threatening its oil production.

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