Saudi attacks boost oil prices amid Russian supply reports

Oil prices rose to their highest levels in two weeks, driven by increased attacks on Saudi Arabia, which heightened market concerns about supply stability. Despite reports of Russia increasing diesel exports and the announcement of a ceasefire between Russia and Ukraine in the energy sector, Brent crude oil climbed to $106.19 per barrel, marking the highest level since September 29. WTI (West Texas Intermediate) also reached $92.96 per barrel. Attacks on oil tankers in the Gulf and the Strait of Hormuz have heightened tensions, further fueling expectations of higher oil prices. Additionally, Goldman Sachs raised its December Brent forecast to $90 per barrel.

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