Saudi Arabia-led coalition destroys drones launched by Houthis towards the Kingdom

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Early Friday morning in Asia, the Arab News pressed the update that the Saudi Arabia-led coalition intercept and destroys drones launched by Yemen’s Houthis towards the Kingdom.

Market implications

Following the news, WTI prices ticked up from $24.20 to $24.35, currently near $24.25. The lack of market response could be attributed to the concentration on coronavirus (COVID-19) updates.

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