Oil Prices Up More Than 10% After Attacks in KSA Lowering Brent Crude to $67.31

September 16, 2019

Oil prices rose more than 10% on Monday, Bloomberg reported, after a drones attack on Saudi Arabia's oil infrastructure halved Saudi production.

West Texas Intermediate crude rose by 10.68% to $60.71 per barrel, while North Sea Brent Crude climbed by 11.77% to $ 67.31 per barrel after the drone attack on two Aramco facilities, according to the same source.

Reuters, for its part, said that oil prices rose more than 15% when opening markets on Sunday.

Brent crude futures jumped more than 19% to $71.95 a barrel, while US crude futures increased by more than 15% to $63.34 a barrel.