Saudi Oil Facilities Attacked, Sending WTI Prices Surging

Saudi Aramco's oil facilities in Jizan were targeted on Monday, sparking concerns over potential disruptions to Saudi oil supplies. According to the Financial Times, the extent of the damage is currently being assessed.

The incident triggered a sharp reaction in the energy market, with West Texas Intermediate (WTI) US Oil surging above $90. The crude oil price gained 1.27% on Monday and traded at around $90.40 at the time of writing.