Oil prices are nearing $100 per barrel after attacks on Saudi Arabia’s energy infrastructure, with the Saudi energy ministry confirming injuries and fires at multiple facilities in the kingdom’s southern province. Brent crude had been trading in the mid-to-high $90s before the attacks, while West Texas Intermediate was in the low $90s. The incidents have increased perceived supply-disruption risk in a market already facing upward pressure from Middle East concerns. Market pricing indicates higher odds of a YES outcome on oil reaching a new all-time high by year-end, while increased interest in longer-term oil forecasts points to a more cautious view of supply stability. Traders will watch Saudi Arabia’s response, possible geopolitical repercussions and further regional developments. Updates from OPEC’s Secretary General Mohammad Sanusi Barkindo and Saudi Minister of Energy Abdulaziz bin Salman Al Saud could influence perceptions of supply risk and market pricing in the coming weeks.