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Latest Oil Market News and Analysis for Oct. 22

Bloomberg Markets Wednesday 21 October 2026, 22:05 UTC By Kanoko Matsuyama 1 min read
Key Points

Oil Rises as Deadly Saudi Attack Fans Middle East Supply Fears Oil rose following a deadly attack on a Saudi oil field, raising concerns that escalating hostilities in the Middle East could hit supply even as exports through the Strait of Hormuz have accelerated in recent months. West Texas Intermediate climbed toward $98 a barrel after swinging in a $4 range Wednesday. Brent jumped above $110 in post-settlement trading.

Oil Rises as Deadly Saudi Attack Fans Middle East Supply Fears Oil rose following a deadly attack on a Saudi oil field, raising concerns that escalating hostilities in the Middle East could hit supply even as exports through the Strait of Hormuz have accelerated in recent months. West Texas Intermediate climbed toward $98 a barrel after swinging in a $4 range Wednesday. Brent jumped above $110 in post-settlement trading. A drone strike on Saudi Aramco’s Shaybah field killed two people, although operations were unaffected. Meanwhile, the US has ordered the departure of some personnel and family members from American embassies in the kingdom.
Latest Oil Market News (ORG) Saudi (ORG) the Middle East (LOCATION) the Strait of Hormuz (LOCATION) Brent (PERSON) Saudi Aramco’s (ORG) Shaybah (LOCATION) US (LOCATION) American (ORG)
Originally published by Bloomberg Markets Read original →

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