Oil climbs after Yemeni Houthis attack Saudi Aramco sites

Oil prices have surged after the Yemeni Houthis launched a series of attacks on Saudi Aramco facilities in Riyadh and the Khurais region. This escalation has sparked fears over potential disruptions in oil production from one of the world's primary exporters. As a result, oil prices are climbing, with Brent crude futures increasing by 0.79% to $103.06 per barrel, and US West Texas Intermediate crude rising by 0.50% to $91.57 per barrel.

Why it matters

The attack on Saudi Aramco sites has disrupted oil production, leading to a surge in oil prices. This could lead to higher revenue for oil exporters, but higher costs for importers.

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