Saudi Oil Facilities Hit, Sending WTI Crude Price Above $90

Saudi Aramco's oil facilities in Jizan were hit on Monday, according to the Financial Times.

The extent of the damage is currently being assessed, and the incident has revived concerns over potential disruptions to Saudi oil supplies.

West Texas Intermediate (WTI) US Oil surged sharply following the headlines, moving back above the $90 mark.

The Crude Oil gained 1.27% on Monday and traded around $90.40 at the time of writing, after trading below $90 before the reports of the strikes emerged.