Oil Prices Jump More than $3 After New Strikes on Saudi, Strait of Hormuz
Brent crude rose $3.62 to $108.23 a barrel as attacks on Saudi infrastructure and Gulf shipping raised supply concerns, traders said.
- On Monday, oil prices surged more than $3 a barrel at market open following fresh strikes on Saudi Arabia and ships in the Gulf on Sunday.
- Saudi Arabia kept its critical 1,200km East-West pipeline closed following drone damage on Friday, Sept 11, with traders warning Riyadh has only five to seven days of stored oil at Yanbu if repairs stall.
- Diplomatic efforts stalled Sunday as Omani Foreign Minister Badr Albusaidi announced the postponement of regional talks with Iran, while a vessel was struck by a projectile in the Strait of Hormuz causing a fire.
- Crown Prince Mohammed bin Salman requested military aid from President Donald Trump on Sept 10 to fight the Houthis, but Trump offered only intelligence support, noting the group also contacted his administration.
- IG market analyst Tony Sycamore warned that without operational progress in Oman or pipeline repairs, crude oil could extend gains toward the $119.48 high amid six months of conflict involving the United States and Israel.
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45 Articles
Russia's export oil, Urals, was worth over $105 per barrel, continuing to grow after the world market. Brent is trading around $107–108 a barrel on the morning of September 14th, and it's going to at least 110.
Oil prices rise again, with Brent exceeding $107. Oil prices started the week higher today, with a barrel changing hands for more than $100, against a backdrop of hostilities in the Middle East, following the closure of a key oil pipeline in Saudi Arabia and attacks on tankers in the Strait of Hormuz. Brent and WTI rise Shortly after 02:30 (Greece time), after trading began in Asian markets, the price of a barrel of Brent North Sea crude for de…
Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz - Regional Media News
By Colleen Howe BEIJING, Sept 14 (Reuters) - Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude [...]
Petrol and diesel prices today: Fuel rates in Delhi, Mumbai, Bengaluru as crude rose after Saudi shut key oil pipeline
Petrol and diesel prices today – 11 Sep: Check fuel rates in Delhi, Mumbai, Bengaluru and other cities as crude oil advanced after fresh Houthis attacks on Saudi oil facility in the Red Sea.
The price of Brent crude oil futures contracts was recorded as having risen by 2.90 US dollars (equivalent to Rp. 51,373) bringing the price to 107.51 dollars or Rp. 1.9 million.
The Korea Times
Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz
BEIJING — Oil prices rose more than $3 a barrel at the market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday....
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