{"id":478927,"date":"2022-03-26T09:29:53","date_gmt":"2022-03-26T03:59:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=478927"},"modified":"2022-03-26T09:45:38","modified_gmt":"2022-03-26T04:15:38","slug":"oil-rises-to-over-120-bbl-after-houthi-attack-on-saudi-facilities","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-to-over-120-bbl-after-houthi-attack-on-saudi-facilities\/","title":{"rendered":"Oil rises to over $120\/bbl after Houthi attack on Saudi facilities"},"content":{"rendered":"<p>Crude prices rose more than 1% to over $120 a barrel on Friday, as traders reconciled the impact of a missile attack on an oil distribution facility in Saudi Arabia with a possible release of oil reserves by the United States.<\/p>\n<p>Brent crude settled up $1.62, or 1.4%, to $120.65 a barrel and U.S. West Texas Intermediate (WTI) crude ended $1.56, or 1.4% higher, at $113.90. Both had dropped $3 earlier.<\/p>\n<p>Both benchmarks notched their first weekly gains in three weeks &#8211; Brent rose more than 11.5% and WTI gained 8.8%<\/p>\n<p>Yemen&#8217;s Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition said Aramco&#8217;s fuel distribution station in Jeddah had been targeted by an attack, but that a fire in two tanks at the facility had been brought under control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude prices rose more than 1% to over $120 a barrel on Friday, as traders reconciled the impact of a missile attack on an oil distribution facility in Saudi Arabia with a possible release of oil reserves by the United States. Brent crude settled up $1.62, or 1.4%, to $120.65 a barrel and U.S. West Texas Intermediate (WTI) crude ended $1.56, or 1.4% higher, at $113.90. Both had dropped $3 earlier. Both benchmarks notched their first weekly gains in three weeks &#8211; Brent rose more than 11.5% and WTI gained 8.8% Yemen&#8217;s Houthis said they launched attacks on Saudi energy [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-478927","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=478927"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478927\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=478927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=478927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=478927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}