Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions
Oil prices rose as Houthi attacks in Saudi Arabia increased tensions and led to US diplomatic withdrawals. Brent crude futures gained $1.29, while US West Texas Intermediate crude rose by 97 cents after the attacks. The US State Department has ordered the withdrawal of some family members from various missions in the region. There was a...
Key Takeaways
- Oil prices rose as Houthi attacks in Saudi Arabia increased tensions and led to US diplomatic withdrawals.
- Brent crude futures gained $1.29, while US West Texas Intermediate crude rose by 97 cents after the attacks.
- The US State Department has ordered the withdrawal of some family members from various missions in the region.
Oil prices rose as Houthi attacks in Saudi Arabia increased tensions and led to US diplomatic withdrawals. Brent crude futures gained $1.29, while US West Texas Intermediate crude rose by 97 cents after the attacks. The US State Department has ordered the withdrawal of some family members from various missions in the region. There was a noticeable drop in US crude stocks last week, contrary to analysts' expectations.
Original Publisher Attribution
This summary was curated from Economic Times.