Open Demo Account
Home / Market Update / Commodities / Aramco Oil Facility In Jeddah Hit By Houthi Missile

Aramco Oil Facility In Jeddah Hit By Houthi Missile

Mohamed Abdelhamid 25 March, 2022 7:46 pm Commodities, Market Update

A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested.

A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later in the day.

The news made oil prices jump higher, with WTI surging back to $112 from around $110 and also weighed on equities, with the S&P 500 dropping about 25 points to 4515 from around 4540.

Tags

Check Also

Waller Says Swift War Resolution Could Support Labor Market and Rate Cuts

Federal Reserve Governor Christopher Waller has become a key voice in explaining how global conflict …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends