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Oil climbs after Yemeni Houthis attack Saudi Aramco sites

Oil climbs after Yemeni Houthis attack Saudi Aramco sites

Oil prices surged on Monday (Oct 5) following Yemen's Iran-backed Houthis' attack on Saudi Aramco facilities in Riyadh and the Khurais area. The strikes prompted worries about the output at the region's leading oil exporter. Brent crude futures surged by US$0.81 cents, or 0.8%, reaching US$103.06 per barrel at 10.02 pm GMT. US West Texas Intermediate crude also climbed by US$0.46, or 0.5%, to US$91.57 per barrel.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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