Low impact
Houthi strikes threaten Saudi oil infrastructure as Brent crude trades near $108 and the Brent-WTI spread widens to $5, while Asian LNG prices (JKM) rise above $30 per MMBtu amid Middle East tanker attacks and a weak European winter outlook.
OilPrice10/20, 11:11 PM
- $108
- $5
- $30 per MMBtu
- 8-10%
Figures as quoted by OilPrice
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Brent
Would push up
DaysLow confidence
Houthi strikes threaten Saudi oil infrastructure, raising a Gulf supply-risk premium
Nat Gas
Would push up
DaysLow confidence
Asian LNG (JKM) above $30/MMBtu signals tighter global gas supply competition
WTI
No clear push
DaysLow confidence
Brent-WTI spread widening to $5 implies WTI lagging Brent's supply-risk premium
What could change this
Without an actual disruption to Saudi oil exports, the risk premium in Brent and LNG could fade quickly.
BRENT before and after this story
111.66+2.76%vs previous close
+3.04%
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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