Houthis Claim Aramco Strike; Brent Closed Friday at $102
U.S. markets are closed for the weekend. Trading resumes Monday at 9:30 a.m. ET (4:30 p.m. in Istanbul).
Saturday's fire near an Aramco facility in Riyadh now has a claimant. Yemen's Houthi military spokesman Yahya Saree said the group struck the site with ballistic missiles and drones.
Saudi Arabia rejects the claim. Coalition spokesman Turki al-Maliki called it misleading and framed it as propaganda to cover Houthi losses around Taiz. Neither Aramco nor Saudi officials have disclosed the cause of the fire or any hit to output.
Yesterday there was a single eyewitness account. Today there is a claimed attack on Saudi energy infrastructure.
Yemen's 2022 truce collapsed in July. In September the Houthis seized the port of Mocha and several strategic islands.
Sunday's second headline came from OPEC+. Seven core members left November output targets unchanged, the second straight month without a change. With the Strait of Hormuz effectively shut since February 28, most members already produce below quota.
Both stories cut against Friday's G7 move. The group agreed to release 100 million barrels from reserves over four months. Brent still settled Friday at $102.25.
In the last session (Friday, October 2), the SPY fund rose 0.74%, QQQ 1.02%, DIA 0.49% and . As of Friday's close, the stood at 5.28% and the dollar index fell 0.16% to 101.93.