High impact
Deadly attacks in Saudi Arabia raised supply disruption fears, sending Brent up 4% to $113.17/bbl and WTI up 2.4% to $99.47, while US embassy personnel were ordered to leave some posts amid escalating regional tensions.
FirstSquawk10/23, 06:31 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Would push up
DaysLow confidence
Attacks in Saudi Arabia raise fear of oil supply disruption, lifting crude risk premium
Brent
Would push up
DaysLow confidence
Same Saudi attack risk lifted Brent more sharply than WTI on supply fear
Gold
Would push up
DaysLow confidence
Escalating regional tension and embassy evacuation can boost safe-haven demand
What could change this
If the attacks do not lead to an actual supply disruption, the risk premium in oil could fade quickly.
BRENT before and after this story
111.66+2.76%vs previous close
-1.25%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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