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Latest Oil Market News and Analysis for Oct. 23

Bloomberg Markets Thursday 22 October 2026, 22:08 UTC By Kanoko Matsuyama 1 min read
Key Points

Oil Holds Biggest Gain in Week as Saudi Attacks Fan Supply Risks Oil held its biggest gain in about a week as intensifying attacks on Saudi Arabia stoked fears of supply disruptions. West Texas Intermediate traded near $99 a barrel after closing 2.4% higher in the previous session. Brent settled above $113.

Oil Holds Biggest Gain in Week as Saudi Attacks Fan Supply Risks Oil held its biggest gain in about a week as intensifying attacks on Saudi Arabia stoked fears of supply disruptions. West Texas Intermediate traded near $99 a barrel after closing 2.4% higher in the previous session. Brent settled above $113. Iran-backed Houthi militants claimed recent attacks on the Saudi port of Yanbu in the Red Sea, including deadly strikes on an oil field and airport in the kingdom.
Latest Oil Market News (ORG) Saudi (ORG) Saudi Arabia (LOCATION) West Texas Intermediate (ORG) Brent (PERSON) Iran (LOCATION) Houthi (ORG) Yanbu (LOCATION) the Red Sea (LOCATION)
Originally published by Bloomberg Markets Read original →

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