The Economic Times

Oil Price Today (September 15): Crude oil rises to $107 as Saudi energy infra attacks raise supply fears. What are experts saying?

On Tuesday, oil prices experienced a significant rise as assaults on Saudi energy infrastructure intensified. The key East-West pipeline in the kingdom is currently down, raising alarms over possible supply disruptions. The situation has worsened with recent attacks by Iran-backed Houthi forces, leading experts to warn of continued price increases. Goldman Sachs suggests oil could hit $120 a barrel if these tensions prolong.