OPEC's Fault Lines Crystallize as Middle East Tensions Escalate The drone attacks on Saudi Arabia have highlighted the vulnerability of the global oil market, with U. S.
crude prices breaching $105 per barrel for the first time since May 19 and Brent futures surging to nearly $109.
Trade sources report that Saudi Arabia has informed European customers about cancelled shipments of September crude oil deliveries, removing approximately 5 million barrels from the market.