On Monday, Brent crude futures climbed over USD 70 a barrel for the first time since the COVID-19 outbreak, following reports of attacks on Saudi Arabian oil facilities.
The futures benchmark for May touched usd 71.16 a barrel in early Asian trade, while US WTI crude for April reached USD 67.86 a barrel, its highest since October 2018.
As per Reuters say, Yemen's Houthi forces fired drones and missiles at the heart of Saudi Arabia's oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security.
Brent and WTI prices are up for the fourth consecutive session after OPEC and their allies decided to keep production cuts largely unchanged in April. Despite fast-rising crude prices, Saudi Arabia's oil minister has voiced doubts about on-demand recovery.
Petrol prices per litre stayed at Rs 91.17 in New Delhi, Rs 91.35 in Kolkata, Rs 97.57 in Mumbai and Rs 93.11 in Chennai. Diesel prices per litre were stagnant at Rs 81.47 in New Delhi, Rs 84.35 in Kolkata, Rs 88.60 in Mumbai and Rs 86.45 in Chennai.
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