Oil holds at a five-month high — Aramco evacuated its Dhahran HQ, and Libya lost output too
Brent was $112.96 early Friday (0030 GMT, down 21 cents) after Thursday's roughly 4% surge to its highest settle since May 4; WTI $98.12. The new facts under the price: Saudi Aramco on Thursday ordered the evacuation of its headquarters in Dhahran as Houthi fighting intensified, with the Houthis pushing toward Bab el-Mandeb, and in Libya a shut pipeline valve cut production at the Hamada and Tahara fields feeding Zawiya port (National Oil Corporation, via Reuters). No new EIA diesel average overnight — the pressure on diesel is not easing while Brent sits over $112. Sources: Reuters.