- WTI is up 44c to $42.86/Bbl, and Brent is up 64c to $45.60/Bbl
- Crude prices have hit a 12-week high, reaching its strongest levels since early September
- A rebel group based in Yemen struck an Aramco fuel-distribution center, though the attack has yet to be confirmed by official sources
- China refineries are nearing record processing rates as demand for fuels shrink globally amid a resurgence in COVID-19 cases
- Yemen Rebels claim a missile attack on a Saudi Aramco facility
- The Houthis hit a fuel-distribution center in Jeddah with a Quds 2 rocket, according to a statement from the group
- Attacks by Houthi forces, who control most of north Yemen, have escalated since late May when a truce prompted by the novel coronavirus pandemic expired, according to Reuters
- China's implied crude stocks had the first drop since 2017
- The country drew down its stockpiles last month by around 201 MBbl, representing a bright spot in an otherwise grim global demand picture
- China's fuel exports jump to a six-month high, bolstered by record crude-processing to clear export quotas