Oil Prices Rise Over 1% After Missile Strike on Saudi Refinery
CNA reported that Brent crude rose 1. 2% to $115. 24 a barrel after a missile strike on Saudi Arabia's largest refinery, while U. S. crude also climbed amid heightened Middle East tensions. Earlier, Reuters said the United States ordered diplomats and their families to leave Saudi missions after Houthi attacks, prompting Brent and U. S.
futures to rise. The Star later noted a brief pull-back in prices, and CNBC reported a further slip of more than 2% as concerns about additional Saudi attacks and demand grew. OilPrice. com tracked modest declines, with Brent hovering near $115 as attacks on Saudi facilities and tankers in the Strait of Hormuz continued and diplomatic talks offered limited relief. Subsequent Reuters and OilPrice. com updates showed Brent falling modestly as hopes for Middle-East diplomatic progress eased some supply worries, while later CNA and OilPrice. com reports highlighted renewed Houthi strikes on the Ras Tanura complex that again lifted prices.