Oil prices rise following drone attacks shut down Saudi Arabia’s East-West pipeline

The Guardian — World has covered a development concerning “Oil prices rise following drone attacks shut down Saudi Arabia’s East-West pipeline,” with the available account limited to the facts included in the supplied text.

Price spike comes as rebel Houthis in Yemen target oil infrastructure and capture strategic island in Bab al-Mandab strait Business news – live updates Oil prices have climbed above $107 a barrel following a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline. The report also notes that Brent crude, the international benchmark for oil prices, surged to as much as $108 a barrel at one point on Monday, later easing back to $107.7 – a 3% increase on the day.

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