Islamabad: (Finance Reporter) – Global oil prices edged higher after Yemen’s Houthi rebels claimed attacks on a military training camp and renewed strikes targeting energy facilities, airports and military installations in Saudi Arabia.
According to reports, Brent crude futures rose by 17 cents, or 0.15%, to $110.03 per barrel. The increase followed a decline of more than $3 during the previous trading session, as investors booked profits.
Meanwhile, US West Texas Intermediate (WTI) crude futures climbed $1.68, or 1.66%, to $103.09 per barrel.
The Houthis claimed on Monday that they had targeted several strategic locations in Saudi Arabia, including an Aramco facility in Yanbu, the Shaybah oil field, King Khalid International Airport in Riyadh and Abha Airport.
The group’s claims raised concerns over potential disruptions to regional energy infrastructure and their possible impact on global oil supplies.
However, Saudi authorities had not immediately confirmed the reported attacks.
The latest price movements reflect continued sensitivity in global oil markets to geopolitical tensions and potential threats to energy infrastructure in the Middle East.
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