SINGAPORE – Oil prices edged higher after Yemen’s Houthi group claimed attacks on Saudi energy facilities, airports and military targets, while a strike on a military training camp in Yemen added to regional security concerns.
Brent crude futures rose 17 cents, or 0.15%, to $110.03 per barrel. The increase followed a decline of more than $3 during the previous trading session, as investors took profits.
Meanwhile, US West Texas Intermediate (WTI) crude climbed $1.68, or 1.66%, to $103.09 per barrel.
On Monday, the Houthis claimed they had targeted several sites in Saudi Arabia, including a Saudi Aramco facility in Yanbu, the Shaybah oilfield, King Khalid International Airport in Riyadh and Abha Airport.
Saudi authorities did not immediately confirm the reported attacks.
The latest developments have added to concerns over regional stability and potential risks to energy infrastructure, factors that can influence global oil prices.
Meanwhile, the death toll from a missile attack attributed to Yemen’s Houthi movement on a military training centre in Shabwa province has climbed to 58, according to the provincial governor.
The strike targeted a training facility near Ataq, the provincial capital, leaving more than 200 recruits injured. Several of the wounded are reportedly in critical condition.
Local authorities denounced the attack, while Yemen’s internationally recognised government vowed to take a strong response following the deadly incident.