Saudi Oil facilities hit in fresh strikes, WTI surges above $90
According to the Financial Times, Saudi Aramco’s Oil facilities in Jizan were hit on Monday. The extent of the damage is currently being assessed, the newspaper reported.
The reports revive concerns over potential disruptions to Saudi Oil supplies and trigger an immediate reaction in the energy market.
West Texas Intermediate (WTI) US Oil accelerates sharply following the headlines and moves back above the $90 mark. The Crude Oil gains 1.27% on Monday and trades around $90.40 at the time of writing, after trading below $90 before the reports of the strikes emerged.
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