Oil Price Today (October 14): Crude oil gains to $107 as Houthis attack Saudi Aramco building in new attacks. What are experts saying?

Crude oil prices have risen to $107 a barrel, following a series of attacks by the Houthis on a Saudi Aramco building. This increase is largely driven by concerns over global supply, as the attacks have raised fears of potential disruptions to oil production in Saudi Arabia. The rise in oil prices has significant implications for the global economy, particularly for countries reliant on imported oil, and could lead to higher fuel costs and inflation.

Why it matters

Houthi attacks on Saudi Aramco have raised concerns about oil supply, leading to a rise in crude oil prices. This increase in oil prices could have a positive impact on oil-producing countries and companies, but a negative impact on oil-importing countries

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