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Crude oil traded higher on Saudi oil facility attack and US stimulusCrude oil traded higher on Saudi oil facility attack and US stimulus |
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International benchmarks for crude oil continued to climb higher on Monday, 8 March 2021 after an attempted missile attack on oil facilities in Saudi Arabia, including a Saudi Aramco facility in Ras Tanura. There were no casualties or damages from the attack.
In addition, the US approved the $1.9 trillion stimulus package that is expected to boost fuel demand.
Brent gained $2.62/barrel or 3.78% to $69.36/barrel.
WTI increased $2.26/barrel or 3.42% to $66.09/barrel.
