11.5% increase in oil prices

According to the International Economic Group of Fars News Agency, quoted by Reuters, after the missile operation of the Yemeni Armed Forces against the positions of Saudi Arabia and the oil facilities Aramco In Jeddah, crude oil prices rose more than 1 percent to over $ 120 a barrel.

According to Reuters, the possibility of freeing oil reserves America, The impact of these attacks on oil distribution facilities in Saudi Arabia has diminished slightly.

Brent crude traded up $ 120.65 at $ 120.65 a barrel.

US crude traded up $ 113.90 at $ 56.5.

Both oil indices recorded their first weekly increase in the last three weeks. Brent crude was up 11.5 percent and US crude was up 8.8 percent.

Saudi Arabia claims fire from Yemeni missile strikes on two oil tanks Aramco Is under control.

Andrew Lipo“The market, which shunned Russian oil, now has other concerns about the possible impact of these attacks on Saudi oil production,” said an oil market analyst.

Given that the level of oil reserves in the world is low Most The rate is from 2014, analysts say, the market is vulnerable to any supply shocks.

According to informed sources, the government Biden It is considering another release of strategic reserves, which, if implemented, could be more than the 30 million barrels released earlier this month.

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