Hit on Aramco: Oil prices may go up by $10/bar­rel

The Times of India (New Delhi edition) - - Times Sport -

Aday after drones fired by Ye­meni Houthi rebels slammed into two Saudi oil plants knock­ing out more than half of Saudi oil out­put or more than 5% of the global sup­ply, Iran on Sun­day dis­missed US ac­cu­sa­tions it was be­hind the at­tacks and warned that US bases and air­craft car­ri­ers in the Gulf were in range of its mis­siles.

The drone strikes are likely to send oil prices up $5-10 a bar­rel on Mon­day. Traders fear the crude might spike to even $100 if Riyadh failed to quickly re­store sup­ply.

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