World 22/10/2026 05:14 PM

Oil Prices Rise Over Two Pct after Attack On Saudi Oil Field Fuels Supply Concern

BERNAMA Malaysian National News Agency
Share:
Oil Prices Rise Over Two Pct after Attack On Saudi Oil Field Fuels Supply Concern
Asap hitam dan api menjulang dari sebuah fasilitas minyak di kawasan industri di selatan Riyadh, Arab Saudi, Sabtu, 3 Oktober 2026. (Foto AP)

NEW YORK (US) Oct 22  (Bernama-Anadolu) -- Oil prices rose more than two per cent on Thursday after a drone attack on Saudi Aramco's Shaybah oil field heightened concerns over further disruptions to energy supplies,  Anadolu Ajansi reported.

International benchmark Brent crude traded at $111.40 per barrel, up 2.4 per cent as of 0600GMT, while US benchmark West Texas Intermediate (WTI) rose 2.22 per cent to $99.30 per barrel.

The attack, which killed two people, renewed concerns about the security of energy infrastructure in West Asia, helping oil prices recover from earlier losses.

The US also ordered some personnel and family members to leave its diplomatic missions in Saudi Arabia, adding to concerns over regional tensions.

Meanwhile, large-scale Ukrainian drone attacks targeting Russian oil infrastructure this week further clouded the supply outlook.

The attacks came as Moscow sought to expand diesel exports under an agreement between US President Donald Trump and Russian President Vladimir Putin.

However, increasing crude shipments from West Asia could limit further price gains, with export flows approaching prewar levels.

Saudi Arabia's crude exports rose 7.9 per cent in August to their highest level since March, while Russia was expected to deliver its first diesel shipment to the US on Thursday.

-- BERNAMA-ANADOLU