Oil Holds Biggest Gain in Week as Saudi Attacks Fan Supply Risks

Bloomberg.com reports: Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Brent oil headed for a third weekly gain as intensifying attacks on Saudi Arabia raised the risk of wider Middle East supply disruptions. The global benchmark traded near $113 a barrel, up about 3% this week, while West Texas Intermediate was above $99. Iran-backed Houthi militants claimed recent attacks on the Saudi Red Sea port of Yanbu Bloomberg Terminal , as well as deadly strikes on an oil field and airport in the kingdom.

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