Canadian dollar rose slightly against greenback today despite oil prices jumping after the two attacks in Saudi Arabia.

Two Saudi Aramco's oil facilitates were hit by drones attacks that led to a supply suspension.

The US accused Iran of being behind the attacks against Saudi Arabia buy its Middle Eastern proxies.

The US Secretary of Energy Rick Perry proposed an international coalition to counter Iran's activities in the region, while he said that the US will not use its strategic oil inventories to support Saudi supplies.

Obviously these attacks are in favor of the producing countries such as Canada and Brazil, but will hurt consuming countries and will increase expenses on their budget.

As of 15:42 GMT, CAD/USD rose by 0.3% to $0.7549, with a high of $0.7575 and a low of $0.7523.

US dollar rose against a basket of major currencies today, on strong haven demand on assets such as dollar and gold, amid mounting global economic concerns after the two sabotage attacks on Saudi Arabia.

Two Saudi Aramco's oil facilitates were hit by drones sabotage attacks that led to a supply suspension.

The US accused Iran of being behind the attacks against Saudi Arabia, and the Pentagon released satellite imagery of drones carrying explosives targeting the Saudi oil facilities.

The attacks increased the global markets' concerns about the growth of oil consuming economies, after the impact of this jump in oil prices.

As of 17:41 GMT, dollar rose by 0.4% to 98.6 points, with an intraday high of 98.7 and a low of 98.03.

Oil prices jumped today, after two sabotage attacks on Saudi Aramco's oil facilities.

News agencies reported on the weekend two drone attacks on two Aramco's oil facilities in Abqaiq and Khurais.

The Saudi Energy Minister, Prince Abdulaziz bin Salman stated that these attacks have suspended 50% of production in the attacked facilities.

President Trump's administration accused Iran of being behind the attacks and the US Secretary of Energy Rick Perry proposed an international coalition of oil producers and consumers to counter Iran's activities in the region.

Brent jumped by the biggest daily gain in dollars since the Gulf War, weighed by global markets' concern about crude supplies and overall economic growth as a result of the jump in prices.

Oil prices surged today, and Brent notched the largest daily gains (in dollars) since the first Gulf War, on markets' concerns over global supplies and economic growth.

As of 15:51 GMT, WTI rose by 11.6% to $61.2 a barrel, with an intraday high of $63.3 and a low of $58.7.

Brent jumped 12.1% to $67.5 a barrel, with a high of $71.9 and a low of $64.6.

Two Saudi Aramco's oil facilitates were hit by drones sabotage attacks that led to a supply suspension.

Therefore, oil prices surged today, and Brent notched the largest daily gains (in dollars) since the first Gulf War, as a result, markets' concerns over these attacks emerged.

President Trump's administration accused Iran of being behind the attacks that targeted Saudi Arabia and Tehran denied.

While market's experts see that the US and other producers such as Brazil and Mexico may resort to using their strategic oil inventories to support the supply in the market.

Whilst, US Secretary of Energy Rick Perry said that talk of using the strategic reserve is premature, but who knows?

Otherwise, the US Federal Reserve will launch its monetary policy meeting tomorrow with forecasts of another rate cut, but with this sharp rise in oil prices, fuel prices will increase, which in return will push inflation towards the Fed's target, and another rate cut won't be needed.

Saudi Arabia has confirmed its commitment to the OPEC output cut agreement will seek to reduce and eliminate any damage caused by terrorist attacks.

It's also possible that the US Secretary of Energy's proposal for an international coalition of oil producers and consumers to counter Iran's activities in the region can be achieved.