Two loud booms reportedly heard in Riyadh, Saudi Arabia, according to a witness

The reports of loud explosions in Riyadh could indicate rising tensions or security concerns in Saudi Arabia, potentially impacting oil supplies. Given the country's significant role in global energy markets, any escalation could lead to increased volatility in crude prices, particularly for WTI. Traders should assess how this news factors into the broader geopolitical landscape and its implications for energy commodities.