CU_F Crude Palm Oil

🚨Brent Hits $108 as Saudi Pipeline Shutdown Deepens Supply Fears; The surge follows the news of a drone attack on Saudi Arabia’s East-West pipeline that could cut off another 4% of global oil supply and signs that efforts at diplomacy are failing. According to unnamed sources quoted by Reuters, Saudi Arabia’s Yanbu port on the Red Sea has only enough oil for five to seven days of exports—and the Yemeni Houthis are expanding their control of the waterway. “It’s unclear how severe any potential damage is, or how long it will be out of action,” ING commodity strategists wrote in a note earlier today, referring to the East-West pipeline, which has a capacity to carry 7 million barrels of crude daily. $CU_F $SC_F $NDAQ $NIFTY50.NSE