Crude Prices Temporarily Hit $ 71-Attack On Saudi Crude Terminal-Bloomberg



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London Brent crude oil futures rose 2.6% at one point in Asian trading on the morning of the 8th, topping $ 71 a barrel. The world’s largest crude oil terminal in Saudi Arabia was hit by missiles and drones on the 7th, but production appears to have been unaffected.

The May contract for ICE Futures Europe’s North Sea Brent futures was temporarily at $ 71.16 a barrel, the highest since January 2020. At 8:46 am Singapore time (9:46 am, Japan time), is up 2.2% to $ 70.87.

The April New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures contract rose 2.2% to $ 67.54. It was up 3.5% the previous business day.

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