Brent oil price exceeded $103.3 per barrel after Houthi attacks on Aramco facilities
Quick Look
The price of Brent oil exceeded $103.3 per barrel amid attacks by the Ansar Allah movement (Houthis) on the facilities of the Saudi oil company Aramco in Riyadh and the Khurais region, according to trading data at 01:01 Moscow time on October 5.
AI-generated summary
Why It Matters
The Ansar Allah movement (Houthis) controls the northern part of Yemen and has been waging an armed struggle against the Saudi-Emirati coalition since 2015, regularly carrying out strikes on the territory of Saudi Arabia.
The price of Brent oil exceeded $103.3 per barrel amid attacks by the Ansar Allah movement (Houthis) on the facilities of the Saudi oil company Aramco in Riyadh and the Khurais region, as follows from trading data.
As of 01.01 Moscow time, the price of December futures for Brent oil rose by 0.55% relative to the previous close - to $103.28 per barrel, while the maximum price since the opening of trading was $103.39 per barrel.
The Houthis, the movement's armed forces said in a statement on Sunday afternoon, carried out combined attacks on Saudi oil company Aramco facilities in Riyadh and the Khurais region.
What to Watch
AI outlook — possibilities, not facts
The price of Brent oil may continue to rise in the event of further Houthi attacks on Saudi oil infrastructure
Possible · Within days
Open Questions
- What was the damage from the strikes on Aramco facilities?
- Will Saudi Arabia and its allies retaliate against Houthi positions in Yemen?
- How long will oil prices continue to rise if attacks on Saudi oil infrastructure continue?
