Brent Futures Rise 3.2% to $112.33 as Saudi Incident Raises Supply Concerns
Photo: TokenPost
Brent crude futures rose 3.2% to $112.33 a barrel Thursday as a drone incident in Saudi Arabia heightened concerns about possible Middle East supply disruptions, while U.S. West Texas Intermediate (WTI) futures approached $100. At 1:05 p.m. ET (17:05 UTC), Brent was up $3.51 and WTI stood at $99.29, up $2.14, or 2.2%. The $112.33 Brent price was recorded during trading, before any confirmed settlement. Brent also was quoted at $112.55 at 4:18 a.m. ET (08:18 UTC), a level not seen since May 18. A drone targeted a processing facility at Saudi Aramco’s Shaybah field on Oct.
Source: TokenPost
