Brent crude hits five-month high after Houthi attacks on Saudi Arabia
Briefing by News4U · First published
Brent crude rose to $113.96 a barrel, its highest level since May 4, amid concerns over Middle East supply disruptions.
Brent crude futures gained 79 cents to $113.96 a barrel, reaching a more than five-month high of $114.72, after Houthi attacks in Saudi Arabia raised concerns over energy supply disruptions from the Middle East, RTÉ Business reported. [1]
Saudi Aramco ordered the evacuation of its Dhahran headquarters as fighting intensified with Yemen-based Houthis, while an oil pipeline valve from Libya's Hamada and Tahara fields to Zawiya port was shut, reducing production. [1]
Sources
- Brent crude hits more than five-month high on war concern
RTÉ Business · · Full text