Sep. 20 at 10:55 PM
$XOM $CVX $COP $OXY $USO — NEW: Oil is higher as Sunday-night trading gets underway following the Houthi attack on Riyadh.
Reuters reports Brent crude rose
$0.81 (+0.78%) to
$104.68/bbl, while WTI gained
$0.76 (+0.76%) to
$101.06/bbl after Houthi missile and drone strikes on the Saudi capital increased Middle East supply-risk concerns.
Important distinction: this is a geopolitical risk premium — Reuters has not reported a new major Saudi production outage from the Riyadh attack itself. For Monday, watch whether crude holds above
$100 and whether the move carries into U.S. energy equities.
