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WTI and Brent Crude Surge on Saudi Pipeline Outage and SPR Supply Woes

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Oil prices jumped as Saudi Arabia shut its critical East-West pipeline carrying 4–5 million barrels per day following Houthi attacks.
  • With repairs expected to take weeks and U.S.
  • Strategic Petroleum Reserve levels nearing operational limits, acute supply fears triggered broad selloffs across major U.S.
  • equity indices.
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BRENT price history

108.49 +67.11% over the displayed period

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