Oil prices rose more than 1% to more than $120 a barrel on Friday, as traders juggled assessments of the impact of an attack on an oil distribution facility in Saudi Arabia with a possible release of reserves. of oil across the United States.
Brent crude closed up 1.4% to $120.65 a barrel and US crude (WTI) ended up 1.4% to $113.90. The two backed off $3 earlier.
Both benchmarks posted their first weekly gains in three weeks – Brent rose more than 11.5% and WTI gained 8.8%.
A Saudi Aramco storage facility in Jeddah was hit by an attack. Saudi state media reported a series of drone and rocket attacks by the Iran-aligned Houthi movement of Yemen, and a huge cloud of black smoke was seen rising in Jeddah. [nL2N2VS1SQ]
The Biden administration is considering another release of oil from the Strategic Petroleum Reserve which, if carried out, could be greater than the sale of 30 million barrels earlier this month, one source said.
Source: CNN Brasil
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