Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure

AI Summary

Brent crude rose to $114 per barrel as Middle East hostilities and Houthi attacks on Saudi energy infrastructure heightened concerns among oil traders. The reported attacks include facilities belonging to Saudi Aramco, while WTI traded above $100 per barrel.

Crude oil prices were on course to book a sharp weekly gain, with Brent crude on track for gains of about $6 per barrel and WTI registering a much more modest tick higher, from around $99 per barrel on Monday to over $100 earlier today. At the time of writing, Brent crude was trading at $114.00 per barrel, and West Texas Intermediate was changing hands for $100.40 per barrel, as hostilities in the Middle East remain front-page news for oil traders. The focus, however, seems to be on Houthi attacks on Saudi infrastructure, including Aramco facilities.…