COM - Brent crude pops above $70 as Saudi oil terminal attacked

Brent crude oil (CO1:COM) futures jumps above $70/bbl for the first time since the start of the pandemic, while U.S. WTI crude (CL1:COM) hit its highest level in more than two years, after Saudi Arabia said one of its oil export facilities had been attacked.May Brent crude recently was +2% to $70.79/bbl after reaching as high as $71.16/bbl, and April WTI crude also +2.1% to $67.47/bbl after touching $67.86/bbl, the highest since October 2018.Yemen's Houthi rebels fired drones and missiles at storage tanks in Saudi Aramco's Ras Tanura facility, which is considered vital to petroleum exports.ETFs: [[USO]], [[XLE]], [[UCO]], [[XOP]], [[VDE]], [[GUSH]], [[OIH]], [[ERX]], [[BGR]], [[BNO]]Crude prices have been rising sharply since OPEC and allied producers decided to keep output cuts largely unchanged in April, accelerating a rally this year that has seen prices surge more than 35%.The OPEC move sparked several analysts to raise their price forecasts, with Goldman

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Brent crude pops above $70 as Saudi oil terminal attacked