Crude prices closed after the suspension of Saudi Arabia's exports



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Emen .- Oil prices closed on Thursday after Saudi Arabia, the world's largest oil exporter, "temporarily" suspended shipments across the Strait of Red Sea after an attack by Yemeni rebels

In London, a barrel of oil Brent from the North Sea p for delivery in September gained 61 cents and closed at 74.54 dollars in the Intercontinental Exchange (ICE), reported AFP quoted by the Mexican newspaper El Economista.

On the New York Stock Exchange (Nymex), a barrel of non-corrosive light oil (WTI) for the same maturity rose. "Market operators are uncomfortable with Ryad's announcements about the suspension of their exports, which could trigger reactions from their neighbors or the United States," said John Kilduff. from specialized firm Again C Apital

Saudi Arabia has decided to suspend its oil exports through the strategic strait of Bab el-Mandeb, after Yemeni rebels attacked two Saudi companies in the Red Sea, " until (…) that the maritime traffic is safe, "said energy minister Khaled al-Faleh in a statement

Saudi Arabia leads a coalition that is fighting against Houthi rebels in Yemen. Ryad accuses Iran of providing ballistic missiles to these rebels, which Teheran denies.

"It is difficult to determine what proportion of global oil demand will be affected because" temporarily "can mean all or nothing," explained the badyst. by Petromatrix Olivier Jakob

This announcement from Saudi Arabia occurs when "on the east coast of the country, the Strait of Ormuz is back in the media, with Iran having recently threatened to return. stop the traffic in response to US sanctions, "say badysts Schneider Electric

" These two events highlight the magnitude of the geopolitical risks that threaten the market. "

On the other hand, investors saw positively the truce between the United States and the United States. the European Union after the meeting of Donald Trump with the President of the European Commission, Jean-Claude Juncker.

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