Brent Climbs Above $111 as Saudi Attacks Raise Supply Concerns
Photo: TokenPost
Brent crude futures climbed above $111 a barrel Thursday as deadly attacks in Saudi Arabia renewed concern over Middle East energy supplies and inflation risks for U.S. markets and risk-sensitive assets, including cryptocurrencies. At 10:45 a.m. ET (14:45 UTC), Brent futures stood at $111.24, up 2.2%. U.S. West Texas Intermediate (WTI) futures gained 1.2% to $98.29. Brent earlier reached $111.64 at 2:26 a.m. ET (06:26 UTC), near a five-month high. On Wednesday, Saudi air defenses intercepted a drone near a processing facility at the Shaybah oil field. Falling debris killed two residents and injured two others. Oilfield operations continued.
Source: TokenPost
