Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure
- 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.
93 Articles
93 Articles
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.
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…
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