Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure
Houthi attacks on Saudi infrastructure and a Libya pipeline shutdown pushed Brent to $114 a barrel, analysts said.
- Brent crude trades near $114 per barrel today as ongoing Houthi attacks on Saudi Arabia infrastructure and a pipeline shutdown in Libya drive oil prices higher.
- Aramco ordered personnel evacuations from its Dhahran headquarters in the Persian Gulf after Yemeni Houthis demonstrated new long-distance capabilities, expanding beyond Red Sea targets.
- Libya's National Oil Corporation reported a pipeline shutdown that forced production cuts at two fields, further tightening global supplies.
- President Trump is considering fresh strikes on Iran as the United States reinforces its regional military presence, raising escalation fears.
- Analysts at ING revised their fourth-quarter Brent price outlook, stating the previously estimated $80 average per barrel now looks 'unattainable' amid supply tightness.
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104 Articles
London, Oct 23 (EFE).- The price of Brent crude for delivery in December this Friday exceeded 115 dollars in the futures market of London, a rise of 1.67% regarding the closing of Thursday, in the face of the crisis in the Middle East and the concern about new interruptions in the supply of oil. [...] The entry Brent crude barrel rises to 115 dollars, price not seen since May was first published in HolaNews.
Oil prices are rising on Friday, with Brent's barrel reaching $115 due to concerns over the repeated attacks of Yemen's Houthis in Saudi Arabia and a possible further escalation between Washington and Tehran.
The oil prices rise and remain close to the peaks, with Brent, a world reference, approaching US$115 per barrel, while the WTI exceeds US$100 per barrel. The gains are sustained by geopolitical risks and fears of new attacks in Saudi Arabia, which reinforce the risk award. At around 8:10 a.m., at Intercontinental Exchange (ICE), Brent oil for delivery in December rose by 1.52% to US$114.88 per barrel. Already in New York Mercantile Exchange (Nym…
Observador
DnoticiasBy Thursday, Brent had already valued 4%, in the face of increased tension in the Middle East and fear of further interruptions in oil supply.
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Oil Hits Five-Month High as AI Selloff Rattles Global Markets
Global markets showed signs of recovery after a technology-driven selloff, but rising geopolitical tensions sent Brent crude to a five-month high of $114 per barrel. Investors also reassessed interest-rate expectations, government bond demand and the sustainability of heavy investments in artificial intelligence infrastructure.
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