Brent Crude Nears $108 After Houthi Strikes on Saudi Arabia — SkimNews
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- Brent crude neared $108 per barrel as oil extended gains following Houthi strikes on Saudi Arabia, per CNBC
- Global stocks fell and bonds sold off as the oil rally deepened, according to Bloomberg's Markets Wrap
- WSJ reported oil rising on concerns of extended Middle East disruptions, with supply worries persisting into a second cycle of coverage
Why it matters: Brent crude approaching $108 — up from levels near $100 after the September 10 Houthi attack that wounded 73 in Saudi Arabia — signals that energy markets are pricing in a sustained supply risk rather than a one-off shock, with ripple effects already hitting equities and bond markets simultaneously.
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