Oil Prices Reach Six-Week High
Brent and West Texas Intermediate climbed as attacks on Saudi energy sites and wider shipping disruptions stoked supply fears, analysts said.
9 Articles
9 Articles
At the conclusion of its dealings yesterday, Tuesday, oil prices rose to their highest levels in six weeks after the Al-Houthi militia launched attacks on Saudi energy installations, raising fears of a significant expansion in the scope of the conflict in the Middle East six months ago.
ASX falls to fresh six-week low, Middle East flare-up drives oil towards $US100
The Australian share market has wiped out its early gains and dropped to a fresh six-week low. It comes after reports of explosions near Iran's Kharg Island, and Iran-backed Houthis in Yemen attacking Saudi energy facilities, setting oil installations ablaze. Follow live.
Oil Prices Reach Six-Week High
Oil prices rose to a six-week high on Tuesday after Iran-backed Houthis in Yemen attacked Saudi energy facilities, setting oil installations ablaze and threatening a major expansion of the six-month-old Middle East war.Brent crude futures rose 70 cents, or 0.7%, to $97.70 a barrel at 10:56 a.m.
Crude Oil Remains High as Houthis' Attacks on Saudi Stoke Supply
By Adedapo Adesanya The price of crude oil grades remained high on Tuesday after Iran-backed Houthis in Yemen attacked Saudi Arabia’s energy facilities, setting installations ablaze and threatening a major expansion of the six-month-old Middle East war. Brent futures traded at $97.92 a barrel, while US West Texas Intermediate (WTI) crude settled at $93.03 per […]
WTI crude oil hit $93.03 per barrel, while Brent was at $97.92, after the Houthi attack on Saudi Arabia's energy infrastructure fueled concerns about supply disruptions in the Middle East. Meanwhile, Goldman Sachs forecasts high oil prices until 2027. The post Crude oil surges near $100, hitting a 6-week high, following Houthi attack on Saudi Arabia, raising concerns about supply disruptions appeared first on Business Online Stock News.
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