Oil declines following Saudi attack - GulfToday

Oil declines following Saudi attack

Norway Oil

Picture used for illustrative purpose. File

Gulf Today Report 

Oil prices dropped on Monday after recording more than $70 a barrel gains due to the attacks on Saudi Arabian oil facilities.

Benchmark Brent climbed as high as $71.38 a barrel while US West Texas Intermediate (WTI) crude was down 22 cents or 0.3% at $65.87 after touching $67.98 a barrel. 


Indian shares jump due to gains in energy stocks

Gold prices gain on US stimulus and lower yields

UK will iron out technical issues with EU over post-Brexit trade

Yemen's Houthi forces fired drones and missiles at the heart of the Saudi oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports. Riyadh said there were no casualties or loss of property.

The Saudi attack came after OPEC+ agreed to stick with output cuts despite the increase in crude prices.


Related articles