World News
Latest Oil Market News and Analysis for Oct. 13
Key Points
Oil Holds Advance as Expanding Middle East War Threatens Supply Oil held a gain as a widening conflict in the Middle East threatened to hamper a recovery in supply from the region, while there were also doubts over US President Donald Trump’s claims of an “energy ceasefire” between Russia and Ukraine. West Texas Intermediate traded near $93 a barrel after rising 2.1% in the previous session, while Brent settled near $107 on Monday. A barrage of drone and missile attacks by Iran-backed Houthi...
Oil Holds Advance as Expanding Middle East War Threatens Supply
Oil held a gain as a widening conflict in the Middle East threatened to hamper a recovery in supply from the region, while there were also doubts over US President Donald Trump’s claims of an “energy ceasefire” between Russia and Ukraine.
West Texas Intermediate traded near $93 a barrel after rising 2.1% in the previous session, while Brent settled near $107 on Monday. A barrage of drone and missile attacks by Iran-backed Houthi militants on Saudi Arabia’s main airport has intensified pressure on Washington to step up its efforts in the conflict in Yemen.