Brent Reaches $108 as Saudi Pipeline Disruption Sparks Supply Fears
TL;DR
Brent crude surged to around $108 a barrel after a drone attack on Saudi Arabia’s East-West pipeline raised fears of a global oil supply crunch, with Yanbu port reportedly able to export only 5–7 days of oil and the Houthis expanding control of the Red Sea. WTI traded near $102.66 as traders weigh the potential disruption to roughly 4% of global supply and ongoing diplomatic frictions.
- Brent Hits $108 as Saudi Pipeline Shutdown Deepens Supply Fears Crude Oil Prices Today | OilPrice.com
- Oil Prices Rise as Middle East Supply Concerns Persist WSJ
- Oil Prices Jump as Attacks Choke Off Saudi Energy Supply The New York Times
- Energy Markets Signal Winter Crisis and Rising Interest Rates Bloomberg.com
- Oil prices soar over 4% to 16-week high after Saudi strikes Yahoo Finance
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