22:34 - 13.08.2026

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August 13, Fineko/abc.az. Oil prices recovered from an earlier decline of over 3.5% on Thursday, paring losses to less than 1% following reports that Yemen's Houthis targeted a Saudi Aramco refinery with drones.

According to Yemen's Saba news agency, the Houthis launched two drones at Aramco's Jazan refinery, claiming it was in response to Saudi airspace violations. Saudi Arabia has not immediately commented. Reports of the strike also drove diesel crack spreads to record highs.

Price Dynamics:

• Brent crude: fell 74 cents (0.8%) to $88.24 per barrel;

• WTI crude: fell 77 cents (0.8%) to $82.56 per barrel.

Further price gains were capped by U.S. EIA data showing commercial crude inventories jumped by 17.4 million barrels to 424.4 million barrels, alongside lowered 2026 global oil demand forecasts from both the IEA and OPEC.