CommoditiesMedium•22 October 2026•
1 min read
Oil Hits 5-Month High as Houthi Attacks on Saudi Infrastructure Fuel Supply Fears
Key Facts
1Brent crude futures rose 2.2% to $111.24 a barrel, marking a five-month high.
2U.S. West Texas Intermediate crude reached $98.29 per barrel following supply disruption concerns.
Brent crude futures rose 2.2% to $111.24 a barrel, marking a five-month high. The Korea Times reported that U.S. West Texas Intermediate crude also climbed to reach $98.29 per barrel following intensified concerns over global supply disruptions.
The price surge follows escalating Houthi attacks in Saudi Arabia, which have heightened fears regarding the security of energy infrastructure. Reuters reported that Saudi Aramco instructed staff to evacuate its Dhahran headquarters as fighting intensifies, while supply pressures were further compounded by the closure of an oil pipeline valve in Libya.