Oil prices jump on drone attack on Saudi Aramco facilities
NEW YORK: OilNSE -0.14 % prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
Brent futures were up $1.13, or 1.6%, at $71.36 a barrel by 11:26 a.m. EDT (1526 GMT), while U.S. West Texas Intermediate crude was up 85 cents, or 1.4%, at $61.89 per barrel.
Saudi Energy Minister Khalid al-Falih said Aramco had halted pumping on the East-West pipeline until the damage was evaluated, but that production and exports were continuing without disruption.
