ReportedShipping, energy & marketsGlobal oil market
Brent and WTI rise about 2% as Saudi and Hormuz attacks unsettle markets
- Mountain Time
- Local time
- 4:50 PM UTC
- Where
- Global oil market
OilPrice.com reported Brent crude at $106.80 a barrel, up $2.09, and West Texas Intermediate at $93.78, up $1.93, as traders priced supply risks after attacks in Saudi Arabia and near the Strait of Hormuz.
Why it matters
Higher benchmark prices immediately increase the cost of replacement crude for refiners and can feed into fuel-price decisions.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels