Oil Rises to $94.66 After Houthi Missile Strikes Target Saudi Aramco Infrastructure

West Texas Intermediate crude futures gained 0.55% to $94.66 per barrel early Wednesday as Houthi missile strikes targeted Saudi Aramco facilities and forced Riyadh's international airport to close for at least a week. The escalation follows Tuesday's gain where November WTI settled up 0.40 at 0.43% amid regional disruption risks. Markets are also grappling with shipping bottlenecks in the Red Sea and Strait of Hormuz, record Middle East-to-China freight rates of $1.4 million per day, and a major hurricane that shut down over 60% of U.S. Gulf Coast crude production.