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Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia

Middle East 3 sources 3 countries 🔦 Under-reported 54m ago

Oil prices remained largely stable during early Asian trading on Friday, following a 4% increase in the previous session that pushed values to a five-month high. The market activity follows recent Houthi attacks on Saudi Arabia, the world's top oil exporter, which have generated ongoing concerns regarding potential disruptions to global energy supplies. Brent crude futures saw a marginal decline of 21 cents, or 0.2%, in early trading hours. The current price movement reflects a period of consolidation after the significant gains recorded in the prior session, as investors continue to weigh the geopolitical risks posed by the attacks against existing market conditions.

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Channel NewsAsia (SG) Emphasizes upward price momentum despite supply concerns
Read the full story at the source Channel NewsAsia · SG ↗
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