Oil prices fell on Monday, hours after an early sharp price rise caused by a drone attack on Saudi oil infrastructure, per a Reuters report. Saudi Arabia later confirmed the attack. In the early hours of the morning, both Brent crude and West Texas Intermediate were up by close to 2 percent from Friday’s close, following the news.
But by 10:30 a.m. ET, the price of a Brent barrel sank back to $68.72, a loss of nearly 1% on the day. Yemen Houthis said they had fired 14 drones and eight ballistic missiles at oil facilities at the Saudi port…Oil Falls After Spiking Due To Missile Attack On Saudi Tank Farm
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