ANSA Economia reported Brent at $111.43 per barrel in a later update. The same report put West Texas Intermediate, or WTI, up 4% at $108.09 per barrel. In an earlier update, ANSA had reported WTI at $104.11, illustrating that the supplied reports give different price points from the day.
Handelsblatt attributed the supply concerns to attacks by Houthi rebels on targets in Saudi Arabia and reported that attacks on ships in the Middle East were increasing again. The supplied material does not independently verify those reported attacks.
Euronews attributed the continued rise in oil prices to uncertainty over when energy supplies would return to normal amid the war with Iran. The reports establish the market move and the supply concerns cited by traders, but not the exact percentage or intraday timing of Brent’s rise.