Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure
Oil traders cited Houthi attacks, a Libya pipeline shutdown and fears of U.S.-Iran escalation as Brent crude climbed 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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Observador
By 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.
World oil prices have risen, Brent's futures have cost over $114 per barrel, against a background of risk in the Middle East. The December Brent oil futures have risen by 1.3 per cent to $114.64 per barrel. At the same time, December's WTI futures have cost 1.5 per cent to $100.95, The Wall Street Journal. It is noted that the price increases are due to the concerns of traders about the re-emerging of the US-Iran conflict, as well as the risks o…
Oil prices hit five-month high as Middle East conflict fears intensify
Oil prices climbed to their highest level in five months on Friday as tensions intensified across the Middle East.Brent crude rose above $114 a barrel, increasing concerns about higher fuel and transport costs.December Brent futures reached $114.64 a barrel after jumping four per cent on Thursday. US West Texas Intermediate crude also rose above $100.The rally followed further attacks by Yemen's Iran-aligned Houthis on Saudi energy infrastructur…
Oil prices continue to rise sharply. North Sea Brent crude surpassed $114 per barrel (2,468 crowns) on Friday, continuing Thursday's rally that pushed prices to their highest level in several months. U.S. light crude WTI traded above $100 per barrel (2,165 crowns) and was near its highest level in five weeks.
Crude oil rose further on Friday, with Brent rising above $114 a barrel, according to the Wall Street Journal. Market uncertainty has intensified amid fears of renewed U.S.-Iran tensions and renewed attacks on Saudi energy infrastructure.
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