The benchmark WTI crude rose to $101.69, up $1.79, while Brent climbed to $111.13, gaining $1.72, as market participants reacted to news of a blast at a Saudi Arabian refinery. The incident has reignited fears of potential supply disruptions in the Gulf, pushing oil prices higher.
Gold slipped to $4,055.74, down $4.59, while silver fell to $54.08, a decline of $0.43. Industrial metals also saw modest moves: copper traded at $6.6335, down $0.019, and aluminum slid to $3,087.45, a drop of $12.55.
Natural gas prices edged up to $3.064 per MMBtu, rising $0.060, reflecting broader energy market volatility.
The refinery attack, which damaged critical infrastructure, has prompted analysts to reassess the resilience of the region’s supply chain, potentially influencing oil pricing dynamics for the coming weeks.
