Saudi Aramco is negotiating with foreign governments to use their strategic petroleum reserves, its CEO said, after drone and missile attacks on Saudi oil sites. The plan aims to make crude deliveries more resilient to supply disruptions.
Explosions shook Yemen's port city of Aden, reportedly from Houthi missile strikes, while Brent crude jumped nearly 4% and hedge funds piled into oil. Traders are watching how a fragile region affects global energy prices.
America's latest short-term debt sales cleared with healthy bid-to-cover ratios while WTI crude rose toward $95 a barrel. The mix of firm demand for government paper and rising energy prices frames the week for global investors.
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