Story: Saudi Arabia; 6-3-2021;
Crude Oil prices at highest level in more than a year crosses 70$ per barrel .
Saudi Arabia said its oil facilities were targeted by missiles and drones:
• The surge in prices came after Saudi Arabia said its oil facilities were targeted by missiles and drones on Sunday. A Houthi military spokesman claimed responsibility for the attacks.
• International benchmark Brent crude futures jumped above $70, and went as up as $71.38 per barrel, the significant price jump was recorded after more than a year .
• U.S. crude futures touched their highest since October 2018, and recorded the surge up to $67.98 per barrel.
• Later Oil prices were recorded at the usual levels, Brent shed $1.12, to settle at $68.24 per barrel, while WTI settled $1.04 lower at $65.05 per barrel.
Saudi Arabia’s ministry of energy said a petroleum tank farm at one of the world’s largest oil shipping ports was attacked by a drone and a ballistic missile targeted Saudi Aramco facilities, according to state news agency SPA.
Saudi Arabia Ministry of Energy Spokesman:
"Such acts of sabotage do not only target the Kingdom of Saudi Arabia, but also the security and stability of energy supplies to the world, and therefore, the global economy," -Saudi Arabia Ministry of Energy; Spokesman.
The Saudi-led coalition earlier said it intercepted 12 armed drones aimed at "civilian targets" without specifying a location as well as two ballistic missiles fired towards Jazan.
A spokesman said neither attack caused any injury or loss of life or property, but shrapnel from the intercepted missile fell near residential areas in the city of Dhahran, SPA reported.
22 vital attacks has been carried out by Houthis:
A total number of 22 vital attacks has been carried out on the global Oil hub "Saudi Arabia", by a yemeni rebellion group known as "Houthis", which was declared a terrorist group earlier this year by former U.S. President Donald Trump. The current Biden regime has recently said they would take off the group's name from the list of terrorist organisation.
Yahya Sare’e, a spokesman for Yemen’s Houthis, said it carried out a “broad joint offensive operation” involving 14 drones and eight ballistic missiles.
The Houthis have reportedly stepped up attacks on Saudi Arabia in recent weeks.