Quartz·1 min read·medium

U.S. crude falls over 2% as Houthi attacks on Saudi Arabia rattle traders

Cris Tolomia
✦AI Summary

U.S. crude oil prices dropped by over 2% following Houthi attacks on Saudi Arabia. Traders are balancing concerns over supply chain disruptions against broader demand worries.

Why it matters

Geopolitical instability in oil-producing regions directly impacts global energy prices and inflation rates.

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WTI fell 2.19% to $101 and Brent fell 1.89%…

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