KUALA LUMPUR, Oct 26 (Bernama) -- Brent crude oil prices have risen to US$117 (US$1=RM4.08) per barrel, driven by intensifying Houthi attacks on Saudi infrastructure and slower flows through the Strait of Hormuz, according to Rystad Energy.
Business : Brent Crude Oil Rises To US$117 Per Barrel On Intensifying Houthi Attacks, Shipping Disruptions
Rystad Energy, Brent crude oil, Freight rates, Cla
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Key takeaways
Brent crude oil hits $117 per barrel due to Houthi attacks and shipping issues.
- Brent crude oil prices rose to $117 per barrel.
- Houthi attacks on Saudi infrastructure caused supply disruptions.
- Freight costs to Asia have doubled, increasing oil delivery costs.
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