Oil rises 0.79% after Houthis report missile and drone launches at Aramco sites

  • Houthis said ballistic missiles and drones targeted Aramco facilities in Riyadh and Khurais.
  • Brent crude rose 81 cents, or 0.79%, to $103.06 a barrel.
  • Damage and crude-output disruptions were not immediately confirmed.

Oil prices rose after Yemen’s Iran-aligned Houthi rebels said they had attacked facilities operated by Saudi state oil company Aramco in Riyadh and the Khurais area. The reports increased concern about possible production disruptions in Saudi Arabia, a major Middle East crude exporter. At 10:02 p.m. GMT, Brent crude futures were up 81 cents, or 0.79%, at $103.06 a barrel, while U.S. West Texas Intermediate futures gained 46 cents, or 0.50%, to $91.57. The Houthis identified Khurais, one of Saudi Arabia’s main oil-producing areas, as a target, but it was not immediately clear whether the attacks caused damage or disrupted crude output.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.