Oil Rises 2% as Saudi Attacks, Tanker Strikes Renew Hormuz Fears
Photo: TokenPost
Oil prices rose about 2% Monday as attacks in Saudi Arabia and incidents involving commercial vessels near the Strait of Hormuz revived concerns about disruptions to Middle East energy supplies. Brent crude rose $2.09, or 2%, to $106.80 a barrel. West Texas Intermediate gained $1.93, or 2.1%, to $93.78. The prices were recorded at 9:16 a.m. ET (1316 UTC). King Khalid International Airport in Riyadh was attacked Oct. 11, causing injuries and prompting damage and safety assessments. An Oct. 8 attack killed three Saudi citizens and injured others.
Source: TokenPost
