Saudi ArabiaBrent hit $115.36 after a Houthi refinery strike claim.
UBS expects Brent near $110 through year-end on falling inventories and record freight costs.
Houthis said they hit Saudi Arabia’s biggest refinery, which processes 550,000 barrels a day, and Saudi authorities have not confirmed it.
Tehran is due to answer Qatar’s draft deal to end the war by the end of the week.
How each outlet framed it
- The National
- ties the price to UBS's forecast of Brent near $110 through year-end, citing record freight costs and falling inventories
- Reuters
- names the 550,000 bpd Saudi refinery hit and notes Saudi authorities had not confirmed the strike
Sources: The National, Reuters