Brent crude rose to a five-month high as traders factored in a geopolitical risk premium from Houthi attacks on Saudi energy infrastructure and vessel attacks in the Gulf.
01Summary
- 01Brent crude futures rose 55 cents to $110.10 a barrel by 0319 GMT, after reaching $110.70 in the previous session.
- 02US WTI crude for November delivery was up 0.24% to $103.91, while the more-active December contract rose 0.40% to $98.93.
- 03At least 18 vessels were reportedly attacked over two weeks, according to shiptracker Kpler.
- 04Yemen's Houthis said they launched attacks on Saudi energy sites including an Aramco facility and two airports, though Saudi authorities did not confirm the claims.
- 05A Houthi attack on a training camp in Yemen's Shabwa province killed 58 people and injured over 200.
02Why it matters
This matters because rising oil prices feed into higher fuel and energy costs for consumers and businesses, and the risk of supply disruption tests the stability of global energy markets.
Pulse AIAsk about this story
Answers are generated by AI from the story summary; they are not investment, health or legal advice.
