Oil prices have jumped to near two-week highs as continuing Houthi attacks on Saudi Arabia overshadow possible further supplies to the market, after United States President Donald Trump praised new Russian diesel exports and a Russia-Ukraine “energy ceasefire”.
Retracing earlier losses, Brent crude futures rose $1.24, or 1.2 percent, to $106.19 a barrel by 11:24 GMT, their highest since September 29. US West Texas Intermediate (WTI) crude was at $92.96 a barrel, up $1.11, or 1.2 percent.
The Houthis claimed responsibility for Saturday’s attack at King Khalid international airport in Riyadh that killed 13 people and wounded more than 300. Another attack at the airport on Sunday killed one person and wounded 11.
In addition, increasing attacks on tankers sailing through the Strait of Hormuz this month threaten to dampen a recovery in Middle East crude exports seen in September.
No comments :
Post a Comment
Only News