Houthi Attacks Sustain Oil Risk Premium as WTI Eyes $99.72 Breakout

Key Facts

1Houthi attacks on Saudi energy sites have sustained the risk premium in crude oil prices.

2WTI crude is eyeing a potential breakout level at $99.72 per barrel.

3Natural gas prices have slipped below the $3.03 level.

Houthi attacks on Saudi energy sites and infrastructure have sustained the risk premium in crude oil prices. FX Empire reported that the strikes, which included the Shaybah oilfield, have drawn wider concern regarding global supply stability despite shifts in US trade policies regarding other energy sources.

WTI crude is currently eyeing a potential breakout level at $99.72 per barrel, while natural gas prices have slipped below the $3.03 mark. These technical movements occur against a backdrop of regional geopolitical tensions, with natural gas facing sustained selling pressure following recent technical breakdowns.