Oil increases after US orders diplomat exit
Oil prices rose significantly after the United States ordered its diplomats to leave Saudi Arabia following attacks carried out by the Houthis. Futures contracts for Brent crude increased by 1.2% to reach $110.11 per barrel, while West Texas Intermediate rose to $98.12 per barrel. The escalation of tensions in the region and the attacks, which resulted in multiple casualties and targeted Saudi oil facilities, contributed to the increase, along with warnings of potential attacks on oil tankers in the Gulf area. These developments also impacted U.S. oil inventories, which declined by 3.06 million barrels.
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