Oil Prices Surge in Wake of Abu Dhabi Attack
Crude at highest price since 2014
by Jason Ditz
Satellite photos were released Tuesday to show the aftermath of the Houthi attack on Abu Dhabi’s oil facility. There were scorch marks from the fire, but UAE officials said the damage was fairly limited.
Supply fears after the attack, the first in UAE during the Yemen War, saw oil prices surge to their highest levels since 2014. NYMEX WTI Crude closed at $85.43 a barrel.
Analysts fearing more Houthi attacks on UAE oil sites could lead to stead price increases, predicting over $100 per barrel by 2023. This coupled the attack with lower than average stockpiles.
UAE attacks on Yemen are made riskier by this,
https://news.antiwar.com/2022/01/18/oil-prices-surge-in-wake-of-abu-dhabi-attack/
posted by Satish Sharma at
12:53
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home