OMM Newsroom
Oil prices rose more than 2% on Thursday after a drone attack on “Saudi Aramco”’s Shaybah oil field heightened concerns about potential disruptions to energy supplies, Anadolu Agency reported.
Brent crude, the international benchmark, traded at $111.40 per barrel, up 2.4% as of 0600 GMT. US benchmark West Texas Intermediate (WTI) rose 2.22% to $99.30 per barrel.
The attack, which killed two people, renewed concerns about the security of energy infrastructure in the Middle East and helped oil prices recover from earlier losses.
The US also ordered some personnel and family members to leave its diplomatic missions in Saudi Arabia, adding to concerns over regional tensions.
Meanwhile, large-scale Ukrainian drone attacks targeting Russian oil infrastructure this week further clouded the supply outlook.
The attacks came as Moscow sought to expand diesel exports under an agreement between US President Donald Trump and Russian President Vladimir Putin.
However, rising crude shipments from the Middle East could limit further price gains, with export flows approaching prewar levels.
Saudi Arabia’s crude exports rose 7.9% in August to their highest level since March, while Russia was expected to deliver its first diesel shipment to the US on Thursday.
