July 23 (Reuters) - U.S. energy shares rose in premarket trading on Thursday as Brent crude briefly touched $100 a barrel, extending a five-day rally after attacks on two Saudi oil tankers intensified Middle East tensions and heightened concerns over global oil supply disruptions.
Houthi forces in Yemen have widened the conflict by targeting vessels carrying Saudi oil in the Bab el-Mandeb strait, after declaring a naval blockade on Saudi shipments.
The attacks have heightened fears that disruptions to Middle East oil exports could spread beyond the Strait of Hormuz, tightening global crude supplies and supporting higher energy prices.
Here are more details:
• Brent crude futures rose as much as 6.3% to $100 per barrel by 1302 GMT for the first time since May 26. U.S. West Texas Intermediate crude was up 5.2% at $91.30 per barrel.
#east #strait #attacks
Houthi forces in Yemen have widened the conflict by targeting vessels carrying Saudi oil in the Bab el-Mandeb strait, after declaring a naval blockade on Saudi shipments.
The attacks have heightened fears that disruptions to Middle East oil exports could spread beyond the Strait of Hormuz, tightening global crude supplies and supporting higher energy prices.
Here are more details:
• Brent crude futures rose as much as 6.3% to $100 per barrel by 1302 GMT for the first time since May 26. U.S. West Texas Intermediate crude was up 5.2% at $91.30 per barrel.
#east #strait #attacks
4 months ago
