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Crude oil prices have risen. Earlier, an oil field in Saudi Arabia was fatally attacked, and the market is more concerned that escalating hostilities in the Middle East may affect oil supply, although exports through the Strait of Hormuz have accelerated in recent months. The price of Brent crude oil futures rose to around $110 per barrel, after fluctuating more than $3 in the previous trading day. WTI crude oil futures rose to around $98 per barrel. Saudi Aramco's Shaybah oil field was attacked by drones, killing two people, but production was unaffected. The US State Department ordered the evacuation of non-emergency workers and their families from Saudi Arabia.
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Crude oil prices have risen. Following a fatal attack on an oil field in Saudi Arabia, the market is more concerned that escalating hostilities in the Middle East may affect oil supply, although exports through the Strait of Hormuz have accelerated in recent months. Brent crude oil futures rose to around $110 per barrel after fluctuating more than $3 in the previous trading day. WTI crude oil futures rose to around $98 per barrel. Saudi Aramco's Shaybah oil field was attacked by drones, killing two people, but production was unaffected. The US State Department ordered the evacuation of non-emergency workers and their families from Saudi Arabia.
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