Saudi refinery attack renews oil supply risk, lifts prices
Oil prices rise today after an attack on a Saudi Arabia refinery renewed Middle East supply worries tied to the wider conflict with Iran and its proxies.
Global oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia.
The move renewed worries about Middle East supply linked to the conflict with Iran and its proxies.
Saudi Arabia is the world’s biggest crude exporter; authorities did not immediately confirm the strike.
Prices had been swinging after easing on Tuesday when regional talks calmed supply fears.
Traders still expected US crude inventory data to show a rise.