Oil prices rise to a two-week high after a drone attack on a nuclear power plant in the United Arab Emirates, according to market reports. Brent crude futures climb about $1.44 (1.32%) to $110.70 per barrel by 23:37 GMT, after briefly touching the highest level since May 5 earlier in the session. The move reflects investors reassessing short-term supply and regional risk following the incident. The reports link the gains in oil to the attack, which raises concern about security in energy-adjacent infrastructure. While the coverage focuses on the immediate market reaction, it does not provide detailed information on damage levels, production impacts, or timelines for recovery. Other factors beyond the attack are not highlighted in the available summaries. Overall, the sources present a consistent picture: crude prices move higher quickly following the reported drone attack, with Brent reaching its highest point in roughly two weeks before settling near $110.70 by late trading.
Oil rises to two-week high after drone attack on UAE nuclear power plant
Oil prices rise to a two-week high after a drone attack on a nuclear power plant in the United Arab Emirates, according to market reports. Brent crude futures climb about $1.44 (1.32%) to $110.70 per...
- Brent crude futures rise about $1.44 (1.32%) to around $110.70 per barrel by 23:37 GMT.
- Brent reaches its highest level since May 5 earlier in the session.
- The price move is linked to a reported drone attack on a nuclear power plant in the UAE.
- Reports describe the impact as immediate, with markets reacting to perceived regional risk.
- The sources provided do not include confirmed details on plant damage or disruption to power production.
Brent crude futures climbed $1.44, or 1.32%, to $110.70 a barrel by 2337 GMT after touching the highest since May 5 earlier in the session
3 months agoDoug Ford unveils Lake Ontario sign after U.S. executive order renames it “Lake America”
Ontario Premier Doug Ford unveils a new Lake Ontario sign at a park on the shoreline of the Great Lake on Saturday. The...
Glencore sets aside $480 million provision tied to Radiant World exposure
Glencore sets aside about $480 million in a provision related to its exposure to Radiant World, an iron ore trader facin...
Walmart agrees to $50 million settlement in DOJ opioid lawsuit
Walmart reaches a settlement of $50 million with the U.S. Department of Justice to resolve a long-running opioid dispens...