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Oil prices jump over Saudi oilfield attack
Aug. 19, 2019
Source: Reuters

Oil prices jump over Saudi oilfield attack

Oil prices jumped in the international market on Monday, climbing on the back of the drone attack by Yemen rebels on a Saudi oil facility. Brent crude LCOc1 rose by 1.1% to $59.28 a barrel. U.S. crude CLc1 was traded 1% higher at $55.42 a barrel. Tensions escalated in the middle east region on Saturday after Yemen’s Houthi group carried out a drone attack on an oilfield in eastern Saudi Arabia.

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