www.mediafax.ro/economic/pretul-petrolului-scade-c

Oil prices fell over 2% on Monday after a significant rise last week, as investors assess risks of new attacks on Saudi energy infrastructure and potential global demand reduction due to high prices. Houthi rebels from Yemen have targeted Saudi facilities, causing price spikes. Futures for West Texas Intermediate dropped to $101 per barrel, while Brent crude fell to $114.51. Analysts warn that geopolitical uncertainty has added about $20 to oil prices, and further attacks could lead to more price increases. However, high prices may also reduce demand, impacting consumption patterns. Saudi Arabia plans to store crude oil in Singapore by 2027 to ensure reliable supplies to Asian markets. Meanwhile, U.S. producers are hesitant to increase output significantly due to price volatility concerns.