Brent Crude Approaches $100 After Saudi Energy Infrastructure Incident

Why it matters locally: Maine residents and businesses may see increased fuel prices at the pump and for heating oil as global crude oil prices rise. Given Maine's reliance on heating oil, this could impact household budgets statewide.

London — Brent crude, the international benchmark for oil prices, climbed to $99 a barrel after Saudi Arabia reported an attack on its energy infrastructure. Saudi authorities confirmed the incident. They stated the attack caused temporary disruptions to operations at the affected energy assets. Following the announcement, investors reacted to the news. The price of Brent crude reflected this market response.