Crude climbs on Houthi strike on Saudi refinery and Gulf strike warnings

Seekingalpha+2 ·
Crude climbs on Houthi strike on Saudi refinery and Gulf strike warnings
  • The Houthis said Tuesday they struck Saudi Arabia's Ras Tanura refinery in the Eastern Province with a ballistic missile.
  • Crude oil futures gained as US officials reportedly told several Persian Gulf countries to prepare for a short, intense military campaign after the US midterm elections.
  • AP reported oil prices gained more than 1% on Oct. 28 while global shares were mixed after a US stock rally.