- Brent crude topped $110 for the first time in five months on continued Middle East tension.
- Saudi Arabia-led forces reportedly intercepted and destroyed missiles aimed at important energy hubs.
- WTI jumped Thursday on a significant inventory draw and reports that the Trump administration is considering easing sanctions on the shadow fleet of oil tankers.
- Brent futures ticked lower in the same session, leaving a mixed close for crude oil futures.
- Wall Street fell as worries about the AI trade and high oil prices weighed on stocks.
Quotes
“Oil prices jump on reports that Saudi Arabia-led forces intercepted and destroyed missiles aimed at important energy hubs”
“driven by bullish inventory data indicating a significant draw”