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Oil nears $100 after reports of attacks on Saudi Arabia
Brent crude rose as reports of Houthi attacks on Saudi Arabia prompted traders to reassess oil supply risk.
Oil prices climbed toward $100 after reports circulated of Houthi attacks on Saudi Arabia, according to WSJ Markets.
The move supported a higher crude backdrop while stock futures took a softer tone.
WTI and Brent were reacting to the perceived impact on Middle East supply risk, a key driver for energy-linked moves in broader markets.
Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%
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