BRENT
Brent Crude
98.31
+2.11% (+2.03)
Updated 09:20 PMBRENT
98.31
+2.11% (+2.03)
Updated 09:20 PM
Overview
The forecast signals that a prolonged conflict could keep oil prices elevated well above recent norms. This gives traders a concrete price band to watch as a benchmark for how much the conflict is being priced into oil.
Updated 08:10 PM
High confidence09/08, 01:38 PM
Saudi Arabia's Energy Ministry reported a third attack in under 48 hours on southern energy facilities, including a Saudi Aramco refinery in Abha, causing fires and temporary shutdowns, with reports of an attack on Abha airport and explosions across southern regions.
Jin10
09/08, 01:38 PM
Related updates
FirstSquawk·09/08, 12:50 PM
Brent crude rose $1 to $98 per barrel after Saudi Arabia said Houthi attacks targeted energy facilities and utilities.
FirstSquawk·09/08, 08:52 AM
Vitol's CEO said 2–3 million barrels per day of Saudi oil exports have been impacted by disruption at the Bab el-Mandeb Strait.
FirstSquawk·09/08, 07:22 AM
Oil prices rose after reports of a strike on Saudi Aramco's Jazan refinery added to US-Iran shipping risk concerns, with WTI at $92.43 and Brent at $97.07.
FinancialJuice·09/08, 08:09 PM
Low impactBank of America said Brent crude could trade in a $95-120 per barrel range if Middle East conflict continues through year end.
Jin10·09/08, 04:38 PM
Low impactA Goldman Sachs executive said oil product flows through the Strait of Hormuz are running at 35% of pre-war levels, versus 70% for crude oil, with Middle East supply disruption hitting refined products like diesel more than crude, per co-head of global commodities research Daan Struyven; Kpler data shows last year's Hormuz refined product flows averaged about 2.2 million barrels per day versus 15 million bpd for crude.
BRENT
Brent Crude
98.31
+2.11% (+2.03)
Updated 09:20 PM